April 2013

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Contracts for proprietary seismic data acquisition for oil and gas exploration frequently include a clause providing that all intellectual property developed during the seismic contractor’s performance of acquisition services belongs to the contracting E&P party or that the seismic contractor will provide an irrevocable, royalty-free license to such intellectual property to the E&P party. Such an allocation of rights from the discovery or creation of intellectual property may not always be aligned with incentives to improve, create and test data acquisition technology. (more…)