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Eversheds comment: Collaborative R&D growing in chemical industry, but IP protection key

  • United Kingdom

    20-02-2014

    Following news of a growing trend for European chemicals and plastics manufacturers to cut in-house research and instead look to persuade industrial customers to work together on collaborative R&D, Phillip Tunney, partner and head of the UK chemical sector group at global law firm Eversheds, comments:

    “We are seeing that the competitive advantage US chemical companies are gaining from not just cheap energy prices, but also cheaper feed stocks, means that European chemical producers are having to focus on innovation. Establishing closer ties to customers is one of the best way to do that.

    “Collaboration agreements are becoming more and more important for the industry, but firms have to be careful to make sure that they carefully protect their intellectual property when doing so.”

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