Common use of Commercialization by the University Clause in Contracts

Commercialization by the University. Creator(s), at their option, may offer the intellectual property to the university for commercialization. The university retains the absolute and sole right to determine if it wishes to accept such intellectual property for commercialization. Before the university accepts any assignment, it may seek a commercial and/or technical assessment. Prior to the university conducting any such assessment, the university shall require the creator(s) to enter into an agreement with the following terms and conditions:

Appears in 4 contracts

Samples: Collective Agreement, Collective Agreement, Collective Agreement

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