Co-written by Mark Abrajano
From 1960 to 1999, the military’s share of research and development has dropped from about one half to one sixth of the country’s total spending, while the private sector’s share has risen from one third to two thirds during the same timeframe. The reason? Private companies are taking it upon themselves to fund much of their own research, due in large part to the complicated statutory schemes that regulate government contracts.
While we greatly admire the private companies that take it upon themselves to push forward and innovate, we see intellectual property and technical data rights pop up constantly. If you are deciding whether or how to sell goods or services to the government that you have spent time and money creating, here are some things to keep in mind. [Read more…] about Cut to Commercial: The Government’s Commercial Item Rules