Access to Harvard`s innovations should be as simple as possible. Our licensing agreements are fair and reasonable, and experienced OTD employees will work with you to help you achieve your business goals. To give you an idea of how these licenses are taking shape, we are pleased to provide you with a series of illustrating examples. If you have any questions about these examples, please contact us. Confidentiality agreement. Both parties agree not to disclose trade secrets. In today`s world of rapid technological change, new technologies are the key to economic growth. Today, many products have very short life cycles and are replaced on the market by new technologies. If a company wants to survive, it must constantly add new products to replace declining products. In addition, a company may want to expand and diversify by expanding its product line to absorb excess production or marketing capacity, cross-reference seasonal values and maximum values, or simply increase profitability with a proven product. Companies may not have the internal skills, time or money to develop their own new products, so it can be very attractive to quickly get a licensed product. Notice of proposed third-party products – In the case of an exclusive license granted in all or in many areas, the licensee may first focus on a limited number of products or uses for the technology granted. In order to support Harvard`s mission to promote the common good by commercializing Harvard`s technology as widely as possible, Harvard may include provisions similar to those in the link below, to encourage a taker to develop third-party products or to sublicate the Harvard patent licensee`s rights to a third party to enable the development and commercialization of additional products.
payment. Details of the payment to the licensee, including whether there is a basis or royalties, and the percentages. How and when payments are made. How sales are verified. payments where there is a sub-licence. licensee`s right to conduct an annual review and regularly verify sales. You invented something, he received a positive evaluation and filed a patent. Or maybe your company doesn`t have the capital or know-how to manufacture and market its product in a global market. Inventors often prefer to license their technology rather than try to manufacture and market them themselves. Similarly, licensing may be the only practical way for a company to maximize the potential of its existing products. Harvard also offers options agreements for companies considering licensing Harvard technology. An option agreement allows a company to “keep” a technology for a short period of time during which the company can continue to assess its potential or find funds for product development without committing or harvard to comply with the obligations of a licensing agreement.
Options are typically six months to a year and generally require both overcharging fees and a refund of patent tracking for the duration of the option. Copyright licenses include the right to reproduce and sell copyrighted property, including derivative works (works based on the original work).