This paper has been written for those concerned with tertiary education enterprises whether as developers of saleable intellectual property (such as inventions, ideas, resources, concepts), providers of a course or other service, as negotiators of contracts, marketers of educational services or as policy developers concerned with the overall organisation of tertiary education and the place and purposes of enterprise activities within this. It assumes that enterprise activities are now and will be in the future, an important feature of tertiary education in Australia. It discusses a number of potential and existing conflicts and tensions of relevance to those involved in these activities and provides examples of how certain TAFE institutions have responded to these.