Other Licensing Terms
Other Licensing items to be considered include:
Approval from all co-inventors is required to license a technology to a faculty start-up, as oppose to an outside licensee.
The government retains certain licensing rights to the projects/inventions which it funds. The University grants the U.S. Government a non-exclusive, non-transferable, paid-up license to practice the subject invention throughout the world, for or on behalf of the United States. In most cases, the Government will not be a competitor to the private sector. Exceptions do exist, particularly for technologies related to National defense.
The University retains rights to use a technology for research and educational purposes.
In some instances, a licensee has the option to sublicense technology rights to a to third party company. Some of the main requirements to sublicense include:
- University approval
- Some license terms, such as Government rights, must "pass through" to the sub licensee
- MU requires sharing of up-front fees and royalties from the sublicensee.
Patent Costs and Maintenance Fees
The cost to file a U.S. patent, ranges from $10,000-20,000 dollars; filing in foreign countries can be significantly more expensive. Once a patent is issued, there are periodic maintenance fees which must be paid in a timely manner to maintain the integrity of the patent. The licensee is typically required to pay for patent costs and continuing maintenance fees.
Last Updated: April 13, 2017