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Technology Transfer Development Strategies
Different inventions require different development strategies. For example, a basic new scientific tool likely to be widely used is typically licensed on a non-exclusive basis. In contrast, an invention which requires significant investment of resources by a company is typically licensed on an exclusive basis. The exclusive license provides an incentive to the licensee to commit risk capital investments required for product development.
Part of developing a license strategy involves seeking information and feedback on market risk from various sources such as potential licensees and venture capital firms. Confidentiality agreements may be required to protect overseas patent rights if no public disclosure of the invention has occurred. Based on this information, the TTO will then determine whether or not OHIO will elect title and file for a patent on the invention.
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TIP: Non-Exculsive Licensing Rights are rights granted to more than one party. Exclusive Licensing Rights are rights granted to only one party. |
The U.S. patent system is a "first-to-invent" system; that is, the party that can prove they were the first to invent an invention gets the patent rights. That is why date of conception and disclosure are so important. Keeping dated lab notebooks that are witnessed by others, and other records of your research is thus important for patenting.
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