Topics covered include:
- Introduction and Definitions
- Discuss key definitions including:
- Net Sales
- Licensed Product
- Licensed Patent
- Grant
- Exclusivity
- Territory
- Non-patent rights
- Software
- Technology / Know-how
- Sublicensing
- Government Rights
- Diligence
- Progress Reports
- Diligence Milestones
- Milestone Payments
- Royalties and Fees
- Upfront payment, Equity, Annual minimum payments
- Royalty Base
- Royalty Stacking
- Combination Products
- Royalty Reporting, Accounting, Audit
- No Warranties / Indemnification / Insurance
- Export Control
- Patent Prosecution and Enforcement
- Termination and Dispute Resolution
- Change of Control and Assignment
- Miscellaneous / Confidentiality
The License Agreement is the culmination of years of hard work by researchers and tech transfer staff who have guided the innovation through the disclosure process, legal protection, and marketing. For TTOs, these agreements are the lifeblood of the office and the key documents that so much of what you do revolves around – and what you depend on to provide a roadmap to license compliance, revenue recognition and tracking, IP protection, and how your valuable innovations are commercialized.
It’s essential for tech transfer staff at all levels to understand each section of the contract so they can carefully review and negotiate each component — and ensure that the university’s rights and obligations are clearly defined and adequately protected.
We’ve teamed up with licensing gurus Jonathan Gortat and Evan Elder of Stanford University’s Office of Technology Licensing to bring you this 90-minute, comprehensive program.
In this “A to Z” webinar, participants will obtain a clear understanding of key provisions of a license agreement in everyday language terms as opposed to legal terms. Important issues to consider and look out for will be discussed, and the program will be aimed to educate and guide those newer to licensing or not in traditional licensing roles in the TTO.
