Any intellectual property brought by one Participant for the implementation of this MOU will remain the property of that Participant. In the event that any intellectual property rights should arise from activity undertaken in accordance with this MOU, the Participants understand it will be attributed and protected in accordance with the Participants’ respective state and national laws, and where appropriate, it will be subject to separate and specific arrangements concluded between the Participants in the activity. In the event that Participants wish to carry out joint research projects under this MOU, they will establish separate instruments to provide for the disposition of any intellectual property that might arise from such joint research projects.