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2023 Ⓒ Boston Intellectual Property Law Association
MTAS and the Common Law of Bailment: Minimizing Misunderstandings, Avoiding Dispute, Managing IPR, and Accelerating Innovation
MTAS and the Common Law of Bailment: Minimizing Misunderstandings, Avoiding Dispute, Managing IPR, and Accelerating Innovation
By Brittany Reeves, JD Candidate at UNH Franklin Pierce School of Law
We congratulate our 2022 Writing Competition winners, Andrea McCollum (First Place) and Brittany Reeves (Second Place), both J.D. Candidates at University of New Hampshire Franklin Pierce School of Law. A publication of Brittany Reeves’s second place winning paper, “MTAs and the Common Law of Bailment: Minimizing Misunderstanding, Avoiding Dispute, Managing IPR, and Accelerating Innovation” is included in this newsletter.
Abstract
Exchanges of research materials are essential to combatting rapidly emerging infectious diseases, as well as neglected tropical diseases that still wreak havoc around the world. This Note illustrates the importance of carefully managing these exchanges because the materials and any downstream products could hold great value. It advocates for greater understanding of the instruments used to facilitate these exchanges, such as Material Transfer Agreements (MTAs), to set forth ownership rights.
This Note explores misunderstandings in the sharing of research materials that could lead to dispute if MTAs do not clearly address both ownership of tangible property and intellectual property rights (IPR). It contemplates various circumstances where disputes could fall into the common law of bailment conundrum and drastically delay innovation. Furthermore, this Note discusses how MTAs should be used to protect assets and speed up scientific progress because research frequently operates in an open innovation model that calls for exchanges of materials at various stages along the path from research to innovation to commercialization.