To pursue the licensing of an invention, contact the Office of Technology Licensing. The University may permit evaluation of an invention by potential licensees prior to the issuance of a patent through use of a Confidential Disclosure Agreement (CDA) executed by both the University and the potential commercial partner.
When an appropriate commercial partner is identified by the Office of Technology Licensing, a license agreement is negotiated and executed. Terms and conditions for licensing agreements vary, and are negotiated on a case-by-case basis. If a company needs time to evaluate an invention, an option agreement may be negotiated. An exclusive license may be granted in instances where all of the funding for the research was provided by one commercial sponsor, or when it is the best way to assure development of the invention. An exclusive license must provide for diligent development of the invention, and it usually includes a minimum annual payment.