(A) If the majority of assets owned by businesses are intangibles such as intellectual property rights, why is it so difficult to use those assets as security against loans from banks or other lenders?

(B)Pol Engineering Limited wants to develop some technology and has approached a professor experienced in this field at a local university to assist. Pol has never previously done any research-based work with a university and wants to understand the implications of a decision to enter a Research and Development Agreement with the University for the production of some intellectual property-based results. What is concise memorandum identifying the problems associated with a research based agreement of this sort and how those problems may be dealt with.