The Iowa Technology Transfer Agreement is a legal contract entered into by and between the Iowa State University (ISU) and a party wishing to access or license patented technology developed at ISU. This agreement primarily focuses on facilitating the transfer of intellectual property from the university to external entities to further its development and commercialization. The purpose of the Iowa Technology Transfer Agreement is to establish a framework for collaboration, licensing, and protection of intellectual property rights between ISU and the external party involved. It enables the efficient and effective commercialization of technological innovations by outlining rights, responsibilities, and obligations of both parties throughout the transfer process. Under the Iowa Technology Transfer Agreement, there are several types of agreements that can be tailored to the specific needs and goals of the involved parties. These types include: 1. Material Transfer Agreement (MTA): This agreement allows for the transfer of biological or other research materials between ISU and an external party. It defines the rights of use, ownership, confidentiality, and the limitations on further distribution of the material. 2. Confidential Disclosure Agreement (CDA): Also known as a Non-Disclosure Agreement (NDA), this agreement is crucial when parties involved need to share sensitive, proprietary, or confidential information. It ensures the protection of such information while allowing evaluation or discussion of potential collaboration or technology transfer opportunities. 3. Option Agreement: This agreement grants a party the right to evaluate and potentially license ISU's technology for a specific period. The party pays a fee in exchange for exclusive or non-exclusive access within the agreed-upon evaluation period. 4. License Agreement: This agreement allows an external party to obtain a license for patented technology developed at ISU. It stipulates the terms, conditions, and limitations of usage, as well as the financial arrangements, potential royalties, and any reporting obligations required by the licensee. 5. Sponsored Research Agreement: This agreement involves collaboration between ISU and an external party, wherein the external party sponsors research activities conducted at ISU. It outlines the financial terms, intellectual property ownership, confidentiality, and other obligations to be adhered to by both parties. When engaging in an Iowa Technology Transfer Agreement, it is essential to consult with the appropriate technology transfer office at ISU to ensure compliance with the university's policies and procedures.
Iowa Technology Transfer Agreement
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How to fill out Iowa Technology Transfer Agreement?
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