Common Contracts

License Agreement Terms

December 1st, 2005

• Filed
  December 1st, 2005

The University licenses its technologies to companies who demonstrate the capability and commitment to develop early stage innovations into commercial products, as well as the willingness to share the benefits of commercial that use with the University (e.g. through royalties from sales and sharing of sublicense revenue). The University’s license agreement terms reflect this philosophy. Potential licensees submit a technology development plan to the University, including, but not limited to, a description of the University technology(ies), the resulting product(s), market analysis, a product development timeline, and the company resources committed to development. Based on the plan, the scope, developmental milestones, and the financial terms of the license are negotiated.Below is the University’s standard policy on some common licensing terms.