What is the main concern of FAR Part 27?

FAR Part 27 primarily addresses the management and rights concerning patents, data, and copyrights in federal acquisitions. This part outlines the policies and procedures contractors must follow regarding intellectual property. It emphasizes federal interests in government-funded inventions and works, ensuring that the government retains rights to data generated under government contracts, as well as the proper handling of inventions that may be patented.

The importance of this part lies in balancing the contractor's desire to protect their intellectual property with the government's need to access and utilize inventions or data produced as a result of public funding. It establishes requirements for the reporting of inventions, the rights that contractors have under the Bayh-Dole Act, and the necessary disclosures that must be made.

The other choices do not accurately pertain to FAR Part 27. Focus on costs pertains to cost accounting standards, while labor law applications relate to employee rights and employer responsibilities. Taxes, on the other hand, are governed by separate provisions and regulations distinct from the concerns of intellectual property outlined in Part 27.