Ad Age
The American Association of Advertising Agencies has asked 30 major industry search consultants to insure that its member's intellectual property rights are preserved during the new-business-pitch process, Rupal Parekh reports. A
letter, which is endorsed by nearly 50 agencies, asks for a stipulation in search agreements that "specifies the rights to intellectual property created by agencies during the review process remain the property of the agency until the marketer either hires the agency to execute the work or the parties agree to a commercially equitable payment for the assignment of usage rights." …