While exclusive intellectual property licenses and intellectual property transfer agreements grant another person the exclusive exercise of that right in exchange for financial compensation, an exclusive license is much more limited than a transfer. If you assign an IP right to another person, you transfer it permanently and you had to buy it back so you could use it again. [Note on computer software: computer programs enter a gray area between the two types of intellectual property. Programs that are part of a “new and useful procedure” may be granted patent protection, while programs that represent a minimally completed original term are eligible for copyright protection.] Under an intellectual property licensing agreement (also known as an intellectual property license or intellectual property license), you retain ownership of your patent, copyright or trademark, but you allow another party to use some or all of your intellectual property rights for a specified period of time for a fee or licence fee. These IP contracts generally set termination dates and procedures. The funds that the faculty member receives from the sale of the intellectual property of the author or inventor of the faculty are allocated and spent according to the exclusive decision of the author or inventor of the faculty. Materials produced for normal classroom teaching and department programs, such as program, tasks and tests, remain the property of the author of the faculty, but institutions may use this material for internal teaching, education and management purposes, including to respond to requests from accreditation agencies for curriculum and course descriptions written by the faculty. Contractual language for “university and sponsor share intellectual property” – “common intellectual property” individually and collectively refers to all inventions, improvements or discoveries and all works of authorship, with the exception of articles, theses, theses and books generated by one or more collaborators of the university and by one or more collaborators of the sponsor in carrying out the research under the agreement. All rights and the right to common intellectual property are jointly owned by the university and the sponsor and are subject to the terms of this agreement. Contract language for “The sponsor owns the intellectual property” – the university entrusts the sponsor, on request, with all intellectual property rights, titles and interests of the university. The university has the right to ask the promoter to make a final decision on this assignment, no later than three months after the date of the end of this agreement or its extension.
The promoter then makes the decision no later than sixty (60) days after the university`s application. Each transfer from the university to the sponsor includes the following terms: 7 language of the contract for “The right to pre-buy” – If the sponsor makes use of its option, the parties will negotiate in good faith to enter into a licensing agreement within a period of time. During these negotiations, factors that compromise the promoter`s ability to market the product cost-effectively, including, but not limited to, the terms of a third-party license that may be required for the manufacture, use and sale of products in the field, market size, development time and costs are taken. , the performance of the product in relation to competing products, and whether the invention is covered by a single or common patent.