This paper discusses the increased emphasis on division and allocation of ownership, costs and risks associated with technology rights and Intellectual Property (i.e. intangible assets such as patents, trademarks, copyrights, computer programs or software, trade secrets and other technical know how and show how) between a Service Company supplier of oil and gas products and services, such as Halliburton Company, and a Customer, such as Atlantic Richfield Company. There is increasing industry wide interest in Strategic Alliances between Service Companies and Customers. Atlantic Richfield Company and Halliburton Company have recently entered into such a Strategic Alliance. One of many aspects of such an Alliance includes an allocation of the ownership of Intellectual Property Rights related to or resulting from the working relationship between the Service Company and the Customer.
Intellectual Property Rights:
Intangible assets such as patents, trademarks, copyrights, computer programs or software, trade secrets, know how, and show how.
Company that provides services to the Customer or Producer to facilitate the production of oil/gas i.e. drilling, pumping, completion, testing, etc.
Company that produces the oil/gas and hires Service Company to facilitate the production of the oil/gas.
Agreement between the Customer and Service Company where the Service Company provides standard "off the shelf" technology and services.