Intellectual Property in Inter-Firm R&D Collaboration, an Examination on the Role of IP Management Core Components

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Inter-firm R&D collaboration is valuable for companies when it helps them to gain complementary intellectual resources, access to diverse markets, share product development's cost, shorten the time to market of new products, and avoiding redundant expenditures. This kind of collaboration could be considered as a good way responding to the modern business world today which is dynamic, complex, and intensively competitive. This paper therefore focus on the role of Intellectual property shared and used in Design service where inter-firm R&D collaboration is major activity, the supporting functions of IP management's core components developed in previous research.