New license terms for companies sponsoring research at UGA
New license terms for companies sponsoring research at UGA
Industry sponsors can tap the expertise of UGA faculty and secure patent rights arising from sponsored research through three new pre-paid agreements. Industry Express agreements provide a flexible business approach while removing the financial uncertainty that can be associated with access to university-developed patent rights.
Express 1
5-year exclusive worldwide license to all inventions arising from the sponsored project.
Express 2
Exclusive worldwide license to all inventions arising from the sponsored project for the life of the licensed patent rights.
Express 3
Exclusive worldwide license to all inventions arising from the sponsored project for the life of the licensed patent rights.
Traditional Option
The traditional exclusive option to negotiate a royalty-bearing license to all inventions arising from the sponsored project is still available. This option has no up-front fee and allows sponsors exclusive access to negotiate for desired intellectual property rights for up to six months after project completion.
All Agreements
The following terms apply to all Industry Express and traditional option agreements:
Sponsor retains a perpetual right to make internal use of data and results arising from the sponsored project.
Background patent rights are not included but may be available separately. Please inquire.
Express Agreement Eligibility Requirements