06 Oct Sample Technology Licensing Agreement
This type of agreement allows Harvard researchers who are starting a new company to license non-patentable, copyrighted software they have developed as part of faculty research efforts. In cases where there is patentable content such as unique algorithms, please read the «Basic Exclusive License» model agreement published above. Harvard also offers option agreements for companies considering licensing a Harvard technology. An option agreement allows a company to «retain» a technology for a short period of time, during which time the company can continue to assess its potential or raise funds for product development without binding on the obligations of a licensing agreement or Harvard. Options typically have a term of six months to one year and typically require both a pre-fee and a refund of the patent application for the duration of the option. A license for Harvard`s own patent rights is subject to conditions similar to those set forth in the form agreements in the following links. Some terms can be changed to address unique aspects of each situation. In particular, financial conditions shall be determined on the basis of the technology to be granted, the licensee`s business model and market standards in the sector in which the licensee operates. 21.
INTEGRATION This Agreement represents the entire understanding of the Parties and revokes and replaces all prior agreements between the Parties and is intended as the final expression of their agreement. It may only be signed in writing by the parties and amended or supplemented with express reference to this Agreement. This agreement takes precedence over all other documents that may be contrary to this agreement. E. Licensor (Patent Technology Inventor) represents and warrants that it has the right and authority to grant the licenses granted therein and that there is no other agreement with any other party in conflict with such concession. Access to innovation at Harvard should be as simple as possible. Our licensing agreements are fair and reasonable, and experienced OTD employees work with you to help you achieve your business goals. To give you an idea of how these licenses take shape, we are happy to provide you with a number of model agreements here.
If you have any questions about these models, please contact us. A reference to global access – The development of technologies stemming from Harvard`s patent rights can lead to licensed products that could result in considerable public health benefits in developing countries. . . .