Common use of Part 404 Clause in Contracts

Part 404. The IC desires to transfer these inventions to the private sector through commercialization licenses to facilitate the commercial development of products and processes for public use and benefit. The Licensee desires to acquire commercialization rights to certain of these inventions in order to develop processes, methods, or marketable products for public use and benefit.

Part 404. The IC desires to transfer these inventions to the private sector through commercialization commercial research licenses to facilitate the commercial development of products and processes for public use and benefit. The Licensee desires to acquire commercialization the rights to use certain of these inventions in order to develop processes, methods, or marketable products for public use and benefit.