Intellectual Capital Policy in Universities. Case study: "Lucian Blaga" University of Sibiu, Romania

This paper concentrates on the problems about the current state of intellectual property and, especially, on the necessity of the implementation of an intellectual property policy in "Lucian Blaga" University which is a comprehensive University. A case study was carried out in which such a policy was proposed, following the in-depth study on the policies of four Universities from the entire world by making a comparative analysis with the policy that WIPO (Worlds Intellectual Property Organization) has elaborated on as an example. By the work in question, it was intended to reflect the most important aspects that need to be taken into consideration when elaborating on an intellectual property policy: the objectives, purpose, possession is use of intellectual property, the involvement of students and teachers in research and in the spin-out companies, the use of the University resources and facilities, the directorship, the conflicts of interest, the revenue distribution and the procedure for assigning the intellectual property rights.