This guide is a resource for those undertaking transactions between universities and industry partners.

The guide helps researchers, technology transfer and research office professionals, startups, SMEs, large businesses, investors and innovation intermediaries to understand the situations where the use of the HERC IP Framework is useful and describes the considerations that might apply. It also provides information to help guide those situations where there is flexibility in how the HERC IP Framework is applied and how this can be used as a starting point for drafting and discussions between collaborating parties.

The guide is based on Australian and international best practice, and draws upon guidance published by a wide range of trusted, publicly- available resources including IP Australia, Knowledge Commercialisation Australasia and the Department of Industry, Science, Energy and Resources.