October 4, 2020
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Ownership and Control of Algorithm Source Codes
Professional data scientists understand that algorithm source codes is the secret sauce to significant competitive advantages, better public policy and massive profits. Ownership and control of the algorithm source code is of critical importance.
Data scientists who work as an employee directly for an employer concede legal ownership and control of any and all work products to the employer.
On the other hand, data scientists who own their own firm and independently contract with clients have the option of negotiating licensing agreements or selling a modified final product directly to the client while still maintaining legal ownership of algorithm source codes.
Seasoned data scientists understand the value of legal ownership and employ highly specialized lawyers to protect valuable source code intellectual property and draft prudent contracts enforceable in courts of law in competent international jurisdictions.
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