The concept of intellectual property rights (defined as the creative work of some unknown dimension) is put into the perspectives in this speech of the individual involved, the educational institution, and the general public. Such concerns are ethical implications, incentives, costs, quality, change and innovation, impact on lifelong learning programs, and the impact of education, research, and service. Consideration is given to ownership prototypes, and ethical conflicts of interest such as reprint/copying request procedures and consulting on one's own time. Educational challenges in this area of intellectual property rights touch on areas of governance, institutional autonomy, faculty workload, productivity, and negotiations. Suggestions are offered for incorporating solutions to these problems into appropriate institutional policy. Included is an "Ownership of Intellectual Property Development Checklist." With the impending implementation of a new copyright law, says the author, it is imperative that colleges and universities examine their own policies and take appropriate action. (LBH)