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

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US-EG-9435
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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

The Wyoming Services Agreement between The University of Memphis and UTE Corp. plays a crucial role in facilitating the commercial development of specific intellectual property and technology. This agreement outlines the terms and conditions under which both parties will collaborate to maximize the potential of these innovations for various commercial applications. The agreement emphasizes the importance of protecting and leveraging the intellectual property rights associated with the technology developed at The University of Memphis. It establishes a framework for UTE Corp. to assist in the identification, evaluation, and commercialization of these technologies. This collaboration aims to drive economic growth, foster innovation, and create new opportunities for both parties involved. Keywords: Wyoming Services Agreement, University of Memphis, UTE Corp., commercial development, intellectual property, technology, collaboration, terms and conditions, innovations, protection, leverage, identification, evaluation, commercialization, economic growth, innovation, opportunities. Different types of Wyoming Services Agreements between The University of Memphis and UTE Corp. regarding commercial development of specific intellectual property and technology can include: 1. Technology Licensing Agreement: This agreement focuses on the licensing of specific technologies developed by The University of Memphis to UTE Corp. for commercialization purposes. It defines the terms of use, payment arrangements, and responsibilities regarding the protection, marketing, and distribution of the licensed technology. 2. Research and Development Agreement: This type of agreement outlines a collaborative effort between The University of Memphis and UTE Corp. to jointly invest in research and development activities aimed at enhancing specific intellectual property and technology. It establishes the sharing of costs, resources, and ownership rights over resulting innovations. 3. Spin-Off Company Formation Agreement: This agreement pertains to the creation of a spin-off company by The University of Memphis and UTE Corp. to commercialize specific intellectual property and technology. It addresses equity ownership, management structures, funding arrangements, and intellectual property rights for the newly formed entity. 4. Royalty Agreement: This type of agreement establishes the terms and conditions for the payment of royalties to The University of Memphis by UTE Corp. based on the commercial success of specific intellectual property and technology. It typically outlines the calculation of royalties, reporting requirements, and the duration of the agreement. Keywords: Technology Licensing Agreement, Research and Development Agreement, Spin-Off Company Formation Agreement, Royalty Agreement, intellectual property, technology, commercialization, collaborative effort, ownership rights, spin-off company, equity ownership, management structures, funding arrangements, royalties, commercial success, reporting requirements, duration.

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