The purpose of the Accord Intellectual Property Working Group is to produce standards and open source tools to improve the production, distribution, licensing and management intellectual property (IP) with smart legal contracts. Key to this end is digitizing and automating the process of creating and registering IP and making more widely available data in regards to IP rights and use.
Specific contracting problems to be addressed by the Working Group include:
automating digital rights management through incorporation of usage data into contract terms and remedial processes;
registration of the existence of certain IP, first use, and assignment history in a globally accessible database;
incorporation of data about subject matter, scope, and usage into IP licences;
automating the grant, refusal, termination, assignment, remedial actions, and sub-licensing of IP licenses;
incorporation of real-time data about infringement into representations and warranties and conditions.