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The goal of this chapter is to identify issues that might occur when partnering with a university to pursue an industry sponsored research agenda. As might be predicted, there might be some debate when it comes to the industry's expectations relative to products, research agendas and timelines, and ownership of intellectual property rights. Your firm has just joined a collaborative research institute specializing in software and systems engineering as an affiliate at a major university on the east coast of the United States. In your presentation, you explain that you work for a large software firms that builds trading applications primarily for the financial industry. The product that you want delivered is a report that identifies how you can use the cloud to share development databases globally across your software engineering centers in a secure and timely manner.