I'm working with a faculty member to establish an Agreement with a large corporation and am struggling to get the POC to understand the issues facing us as a public institution.  The POC indicates they work with other universities all the time and to alleviate the issues with IP ownership, they REQUIRE that all deliverables be placed in the public domain using the following language:

"With respect to intellectual property rights that vest immediately upon creation of the Project Intellectual Property, including but not limited to copyright and trade secrets, University hereby disclaims and disavows all such intellectual property rights.  Further, University agrees that Sponsor's use of the Project Intellectual Property prior to publication, presentation, or other disclosure of the same by the University is not a misappropriation or unauthorized disclosure of the Project Intellectual Property."

Anyone seen/accepted this language?

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