Who owns the intellectual property tested in the Business Model?
If you’re working with a Stanford related-technology (i.e. either research from one of the team members or University IP), you must check with the Office of Technology, Licensing to understand Stanford ownership rights in any resulting IP.
You own what Intellectual Property (patents, hardware, algorithms, etc.) you brought to class with you. No one (other than Stanford) has claim to anything you brought to class.
You all own any intellectual property developed for the class (such as code for a web-based project) developed during class.
You and your team members need to disclose to each other what IP/Licensing rights any company you’ve worked at has to inventions you make at school.
If any of you decide to start a company based on the class, you own only what was written and completed in the class. You have no claim for work done before or after the class quarter.
If a subset of the team decides to start a company they do NOT owe anything to any other team members for work done in and during the class. All team members are free to start the same company, without permission of the others. (We would hope that a modicum of common sense and fairness would apply.)