Common use of Direct Costs Clause in Contracts

Direct Costs. (a) In the case of Other Intellectual Property, the reasonable costs and fees (including but not limited to legal fees and agents’ fees) associated with the acquisition, management and Commercialization of Other Intellectual Property, including costs of evaluating it, obtaining and maintaining intellectual property protection, preventing unauthorized use or infringement, prototype development funds, negotiating and implementing other agreements with third parties, but does not include University research and graduate studies office or other overhead costs incurred prior to the initiation of Commercialization.