Below are examples of agreements that UTRF commonly uses during the technology commercialization process.
UTRF develops agreements to both fit commercialization strategies and to develop a partnership between UTRF and licensees, in an effort to bring UTRF technologies to market.
3-Way Confidentiality Agreement: A three-way confidentiality agreement is a standard non-disclosure agreement for discussions involving a UTRF technology.
Evaluative MTA: An evaluative MTA is a material transfer agreement used to send tangible material to a potential partner for evaluation for a limited time. However, this agreement does not grant the potential licensee any commercial rights.
Research License / Option: An option agreement is a short-term agreement optimal for partners looking to evaluate a technology or conduct due diligence before entering into a full license agreement. Options allow a company the exclusive right to begin negotiations to license a technology for a small fee.
License Agreement: Generally, a license agreement is a long-term partnership between UTRF and a licensee, in which UTRF establishes conditions for the licensee’s use of the technology. A license agreement grants UTRF’s partner exclusive or non-exclusive rights to develop, market, use and sell commercial products under one or more UTRF intellectual property rights. Some agreements may cover all fields of use, while others only cover a specific application. Agreements may be applied worldwide or be geographically limited. Licenses may be terminated at any time by the licensee, but UTRF may only terminate based on predetermined conditions, and upon agreement termination the rights to the intellectual property will return to UTRF.