This document summarizes key intellectual property (IP) issues related to outsourcing. It discusses why outsourcing is common, particularly for small- and medium-sized enterprises. It also outlines merits and risks of outsourcing as well as considerations for managing risks. The document then examines IP issues that can arise, such as ownership of IP developed during outsourcing agreements and protecting confidential information. It concludes by emphasizing the importance of thorough termination provisions in outsourcing contracts.