Title: North Carolina Services Agreement between The University of Memphis and UTE Corp. for Commercial Development of Intellectual Property and Technology Keywords: North Carolina Services Agreement, University of Memphis, UTE Corp., commercial development, intellectual property, technology Description: The North Carolina Services Agreement between The University of Memphis and UTE Corp. serves as a legally binding contract outlining the collaboration and commercial development of specific intellectual property and technology in North Carolina. The agreement focuses on promoting innovation, research, and economic growth within the state, while protecting the interests of both parties involved. This agreement aims to foster a collaborative relationship between the University and UTE Corp., a renowned technology transfer company, to leverage their combined resources, expertise, and knowledge for the successful development, licensing, and commercialization of intellectual property and technology assets. Different Types of North Carolina Services Agreement between The University of Memphis and UTE Corp.: 1. Research and Development Agreement: This type of agreement outlines the research and development activities to be conducted jointly by the University and UTE Corp. It defines the scope of research, technologies involved, responsibilities, funding arrangements, and intellectual property ownership rights. It emphasizes the focus on commercialization potential and the ultimate goal of bringing innovative technologies to market. 2. Licensing Agreement: This type of agreement specifies the terms and conditions under which the University grants UTE Corp. a license to exploit and commercialize a specific technology or intellectual property. It includes provisions related to royalties, sublicensing, marketing, and protection of intellectual property rights. This agreement facilitates the utilization of the University's intellectual property assets for commercial purposes while mutually benefiting both parties. 3. Technology Transfer Agreement: This agreement focuses on the transfer of technology from the University to UTE Corp. Here, the University transfers its technology, prototypes, patents, or other intellectual property assets to UTE Corp. for further development and commercialization. The agreement regulates the terms of technology transfer, confidentiality, reporting, indemnification, and dispute resolution. 4. Cooperative Research and Development Agreement (PRADA): In cases where the University and UTE Corp. collaborate on federally funded research and development projects, a PRADA may be executed. This agreement establishes the terms and obligations of the parties involved, including funding provisions, licensing and intellectual property rights, publication rights, and data sharing. It aligns the interests of both parties while complying with federal regulations. In summary, the North Carolina Services Agreement between The University of Memphis and UTE Corp. covers various agreement types, enabling efficient and effective commercial development, licensing, and technology transfer of specific intellectual properties and technologies in North Carolina.
North Carolina Services Agreement between The University of Memphis and UTEK Corp. regarding commercial development of specific intellectual property and technology
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