How Do Exclusivity Clauses Impact Research and Development?
Exclusivity clauses can have a significant impact on R&D:
1. Encouraging Innovation: Knowing that their discoveries are protected, researchers may be more inclined to pursue innovative projects. 2. Collaboration Limitations: While exclusivity can protect innovations, it can also limit collaborations with other researchers or institutions, potentially slowing down progress. 3. Funding and Grants: Exclusive rights can attract more funding and grants, as the financial backers are assured of a return on investment through protected market access.
