Universities should embrace university/industry relationships because they benefit both the institution and society. As such relationships evolve, the university should continually review its policies. The model used by Wake Forest University (North Carolina) for routinely reviewing research agreements is presented to assist other universities in…

Cultural and organizational issues arising in university-industry partnerships are explored, outlining benefits and risks to both parties. A short-term partnership between Southern Illinois University and the high-tech Hewlett Packard Company is examined, including its origins, the nature of the contract, communication between cultures, time…