Education and Reference Q&A
What is Contract Research?
Answers: Contract Research occurs where:
a request is made by industry or a Government agency for a specified research project to be carried out beside identified aims and objectives;
the research project is often undertaken on the principle of a competitive bid for funds from an agency;
it is anticipated the research will result in a deliverable product or report of commercial importance to industry; and
ownership of intellectual property is negotiate between the parties and depends on the financial and intellectual contribution of both parties.
