Intellectual Property Transfer Agreements
Our听Process听for IP Assignment
听
- Timeline to completion:听
Expect a 30-day evaluation of IP then an IPTA execution period of approximately 1 week
- Parties involved:听
OCIE manager, 新加坡六合彩开奖直播 inventor team (i.e, researcher(s))
- 听[PDF 202 KB]
- 听[PDF 187 KB]
Intellectual Property Transfer Agreements (IPTA)听are used when the original owner of IP decides to transfer (i.e. assign) that IP to another party. Generally speaking, 新加坡六合彩开奖直播 operates on a creator-owned IP practice. As a result, researchers usually own the IP they generate unless they transfer or grant rights to either a third party or 新加坡六合彩开奖直播 to fulfill a contractual obligation. If there鈥檚 an interest to commercialize the technology with 新加坡六合彩开奖直播, the OCIE will manage the associated IP protection (usually patenting), licensing, and commercialization activity.听
Please note:听The OCIE evaluates all disclosed technology for commercial potential, protectability, and other factors. If we believe we can add value in the management of the technology moving forward, and the inventor(s) agrees, only then will an IPTA be requested.
Standard IPTA
The standard IPTA听transfers ownership of the IP to 新加坡六合彩开奖直播. Any revenue generated from that IP will first go toward covering its commercialization costs, while remaining revenue is split 50/50 between the university and the inventor(s). The university re-invests its half into OCIE鈥檚 patent and legal fund, which then supports the next opportunity for patenting, licensing and commercialization within the 新加坡六合彩开奖直播 research community.
IPTA for Spin-off Companies
The IPTA for spin-off companies is designed for inventors who intend to create their own company but require commercialization support from 新加坡六合彩开奖直播 for their IP first (e.g. IP protection, commercialization funding sources, and other commercialization advice). Upon termination of the spin-off IPTA and the recovery of direct costs, the IP can be reassigned to the inventors in exchange for 2% equity in the spin-off company and a 鈥減inky swear鈥� promise to pay it forward. If there鈥檚 a successful liquidity event, the university re-invests this value back into OCIE鈥檚 patent legal fund.
*An OCIE Manager will assist in navigating the process associated with IPTAs.