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Home › Topics › Basics of Intellectual Property › Licensing Agreements

Tips

Tips for University Licensing

Topics Basics of Intellectual Property Licensing Agreements Tips for University Licensing

Build a relationship with your university’s TTO, keeping their perspective in mind. Universities are not trying to make a lot of money, but they are cost-centered because they rarely make a profit and even lose money on technology transfers (Rose, 2021). They are interested in moving technology out to the public and acting in the public’s interest, so show that that is likely to happen by understanding the value of your market.

Build a relationship with other faculty members who are a little further along in the entrepreneurship process. They can help get you ready for the next steps.

Many attorneys provide advice on a pro bono basis, defer fees, or just ask for a small amount of equity (e.g., 2%) if they think your product has the potential to succeed. Be prepared to promote your idea to them and ask if they are interested.

The elements (upfront payments, equity, royalty) are connected. Changing one can affect the others in the negotiation process.

You can try to renegotiate a license as circumstances change.

Source

Rose D. NIH 2021. NIA and NHLBI Entrepreneur Workshop Series: Licensing and Partnering Agreements and Breakout Session: University Licensing Agreements.

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Intro to Intellectual Property
3 Articles
Types of IP and Their Protection
Intellectual Property FAQs
Resources on Intellectual Property
Disclosure of Inventions
3 Articles
Case Example: Invention Disclosure
What Is IP Disclosure, and What Impact Does It Have?
Non-Disclosure Agreement (NDA)
Patents
7 Articles
Definition: Patents
Preparing to Submit a Patent Application
Patent Application Key Elements
Patent Application Steps
Case Example: Agriculture Patent
FAQs About Patents
Resources on Patents
Licensing Agreements
3 Articles
Introduction to Licensing and Collaborative Agreements
University Technology Transfer Office (TTO)
Tips for University Licensing
Return to Basics of Intellectual Property
End Resources

This project is funded by National Institute of General Medical Sciences (Grants 1R43 GM131458-01 & 2R GM131458-02)


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