title: Academic research and industry relationships.
abstract: Economic forces are such that industry-university relationships will occur. It is impossible to pull up the draw-bridge and refuse to deal with industry. The challenge is to structure arrangements which facilitate the transfer of new knowledge to industry, for the ultimate benefit of society, without doing violence to the traditional values of the university. Good arrangements are made when both parties bring something to the deal. There must also be compromise. Each party must be willing to concede some points. It has been said that good deals are those with which neither party is completely happy. Satisfaction and dissatisfaction must be equally distributed. Finally, as in all things, success depends on trust and understanding between good people on both sides.
mesh_terms: D007221:Industry; D010330:Patents as Topic; D012017:Referral and Consultation; D012106:Research; D014495:Universities