Inter-Institutional Agreement – MSIP

Also known as an IP Management Agreement, an Inter-Institutional Agreement (IIA) is a legal contract to provide for joint management of jointly owned intellectual property. IIAs delineate which party will take the lead on patenting and commercializing the resultant intellectual property as well as how the legal expenses and license revenue will be shared among the institutions that assert the ownership rights to the joint invention(s).

(Source: http://www.ip.mountsinai.org/request-an-agreement/#1522694365001-c8f2fc42-f2a8)