Project Management Professional (PMP) Exam Practice – Question0865

A joint venture project between two partner organizations has been completed. The project involved the sharing of proprietary information unique to each organization and the subsequent creation of new intellectual property unique to the project and equally owned
by both partners.
What approach should be used in dealing with the shared proprietary information and new intellectual property created as a result of the project?


A.
Each partner should retain its intellectual property and decide how to use the new intellectual property.
B. Both partners should agree on a legal basis for the new intellectual property and previously shared proprietary information.
C. Both parties should agree on the new intellectual property, and each partner should retain its own proprietary information.
D. Both partners should create a new company that will hold unique rights over the new intellectual property.

Correct Answer: B