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Technology Transfer
License Negotiations
Concurrently with making the patent decision, the TTO will begin license negotiations with potential licensees. Companies likely to be interested are approached and are given an opportunity to evaluate the invention (if required, on a confidential basis). The TTO staff welcome an inventor's suggestions of companies to be approached and find those suggestions to be extremely valuable. Negotiations will then follow which attempts to negotiate a license agreement that is beneficial to both parties while guaranteeing that the technology will reach the marketplace. These agreements typically include terms relating to upfront fees, patent costs, royalties, license maintenance fees, commercialization milestones and definitions of the specific intellectual property rights conferred. These negotiations may require flexibility and creativity by both parties in order to arrive at a mutually satisfactory agreement.
Copyright
Copyright simply means the right to copy. Universities find themselves in a unique position of being both a user and creator of copyrightable works. As users, individuals and libraries make copies for educational, scholarly and research purposes; and as creators, faculty, students and staff produce extensive numbers of work as part of their regular activities.
At the outset, two classes of property should be differentiated: (1) physical or tangible property, and (2) intellectual property. Physical property refers to a tangible object like a book or a sculpture, while intellectual property refers to the intellectual nature of an object, such as the expression of the ideas contained in a book. In the U.S. , the rights conveyed upon a creator are set out in the United States Copyright Act.
See Ohio University Policy 15.015 Copyright.
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