California Services Agreement between The University of Memphis and UTEK Corp. regarding commercial development of specific intellectual property and technology

• Category: Corporations - Public - Services
• State: Multi-State
• Control #: US-EG-9435
• Format: Word; Rich Text

Description

Services Agreement between The University of Memphis and UTEK Corporation regarding the commercial development of specific intellectual property and technology that is developed, invented or discovered at the University and building a bridge between California Services Agreement is a legally binding contract between The University of Memphis and UTE Corp, focusing on the commercial development of specific intellectual property and technology. This agreement outlines the terms and conditions under which the parties collaborate to facilitate the transfer, development, and commercialization of intellectual property assets originating from The University of Memphis. The primary objective of this agreement is to establish a framework for cooperation, allowing the University and UTE Corp to work together to identify, protect, evaluate, and exploit intellectual property assets generated by the University's faculty, staff, and students. By leveraging UTE Corp's expertise in technology commercialization, this partnership aims to stimulate economic growth and bring innovative solutions to the market. This California Services Agreement encompasses various types of intellectual property and technology transfer agreements, including but not limited to: 1. Licensing Agreements: These agreements grant UTE Corp the right to use and market the University's intellectual property for a specified period and within defined geographical boundaries. They outline the terms of royalty payments, sublicensing opportunities, and quality control measures. 2. Research and Development Agreements: These agreements facilitate joint research and development initiatives between the University and UTE Corp. They outline the obligations of each party regarding funding, IP ownership, confidentiality, and commercialization. 3. Material Transfer Agreements: These agreements govern the transfer of tangible research materials from the University to UTE Corp or vice versa. They establish the terms and conditions of use, ownership of resulting IP, liability, and publication rights. 4. Confidentiality Agreements: These agreements protect the shared confidential information during the collaboration. They outline the obligations of both parties to maintain confidentiality, restrictions on disclosure, and procedures for handling confidential information. 5. Non-Disclosure Agreements: These agreements establish the terms to protect sensitive information disclosed during negotiations or discussions preceding the formal agreement. They govern the parties' obligations not to disclose or use confidential information without proper authorization. 6. Manufacturing and Distribution Agreements: These agreements come into play when the commercialization of the developed intellectual property requires manufacturing or distribution. They outline the rights and obligations of both parties concerning production, pricing, quality control, distribution channels, and promotion. 7. Equity Investment Agreements: In some cases, UTE Corp may seek equity participation in University-affiliated companies or startups. These agreements detail the terms of investment, ownership percentages, voting rights, and exit strategies when the technology or intellectual property becomes successful. Throughout the California Services Agreement, keywords like intellectual property, technology transfer, commercialization, University of Memphis, UTE Corp, licensing, research and development, material transfer, confidentiality, non-disclosure, manufacturing, distribution, and equity investment may be extensively used and emphasized.

California Services Agreement is a legally binding contract between The University of Memphis and UTE Corp, focusing on the commercial development of specific intellectual property and technology. This agreement outlines the terms and conditions under which the parties collaborate to facilitate the transfer, development, and commercialization of intellectual property assets originating from The University of Memphis. The primary objective of this agreement is to establish a framework for cooperation, allowing the University and UTE Corp to work together to identify, protect, evaluate, and exploit intellectual property assets generated by the University's faculty, staff, and students. By leveraging UTE Corp's expertise in technology commercialization, this partnership aims to stimulate economic growth and bring innovative solutions to the market. This California Services Agreement encompasses various types of intellectual property and technology transfer agreements, including but not limited to: 1. Licensing Agreements: These agreements grant UTE Corp the right to use and market the University's intellectual property for a specified period and within defined geographical boundaries. They outline the terms of royalty payments, sublicensing opportunities, and quality control measures. 2. Research and Development Agreements: These agreements facilitate joint research and development initiatives between the University and UTE Corp. They outline the obligations of each party regarding funding, IP ownership, confidentiality, and commercialization. 3. Material Transfer Agreements: These agreements govern the transfer of tangible research materials from the University to UTE Corp or vice versa. They establish the terms and conditions of use, ownership of resulting IP, liability, and publication rights. 4. Confidentiality Agreements: These agreements protect the shared confidential information during the collaboration. They outline the obligations of both parties to maintain confidentiality, restrictions on disclosure, and procedures for handling confidential information. 5. Non-Disclosure Agreements: These agreements establish the terms to protect sensitive information disclosed during negotiations or discussions preceding the formal agreement. They govern the parties' obligations not to disclose or use confidential information without proper authorization. 6. Manufacturing and Distribution Agreements: These agreements come into play when the commercialization of the developed intellectual property requires manufacturing or distribution. They outline the rights and obligations of both parties concerning production, pricing, quality control, distribution channels, and promotion. 7. Equity Investment Agreements: In some cases, UTE Corp may seek equity participation in University-affiliated companies or startups. These agreements detail the terms of investment, ownership percentages, voting rights, and exit strategies when the technology or intellectual property becomes successful. Throughout the California Services Agreement, keywords like intellectual property, technology transfer, commercialization, University of Memphis, UTE Corp, licensing, research and development, material transfer, confidentiality, non-disclosure, manufacturing, distribution, and equity investment may be extensively used and emphasized.