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Our Process – First License Meeting Agenda

 

  1. Licensee’s Objectives, Needs, and Desires

    1. UPR Objectives, Needs, and Desires
a) Commercial development for society’s use and benefit
b) Share in financial return from our investment
c) Management of potential conflict of interest
d) Indemnification
  1. License Option
a) Field(s) of use
b) Exclusivity
c) Duration
d) Diligence milestones
i.) business plan
ii.) funding
iii.) management team
e) Fees
  1. General Terms of License Agreements
a) Field(s) of use
i.) applications
ii.) embodiment
b) Exclusivity
c) Duration
d) Sublicensing
i.) rights
ii.) fees
e) Royalties
i.) issue
ii.) annual minimums
iii.) earned royalties
iv.) equity
f) Diligence milestones (from business plan)
i.) working prototype by xx/xx/xx
ii.) product available for sale by xx/xx/xx
iii.) first commercial sale by xx/xx/xx