Santa Clara 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
• County: Santa Clara
• 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 Santa Clara California Services Agreement between The University of Memphis and UTE Corp. regarding commercial development of specific intellectual property and technology is a legally binding contract that outlines the rights and obligations of both parties in relation to the intellectual property and technology being developed. This agreement is crucial for protecting the rights of the parties involved, while promoting collaboration and commercialization of valuable innovations. The agreement typically includes various provisions, such as: 1. Purpose: Clearly defines the purpose of the agreement, which is usually focused on the commercial development of specific intellectual property and technology. 2. Scope: Specifies the specific intellectual property and technology being developed, ensuring clarity on the subject of the agreement. 3. Rights and Responsibilities: Outlines the rights and responsibilities of both parties. The University of Memphis may grant UTE Corp. a license or exclusive rights to develop, market, and commercialize the intellectual property and technology. UTE Corp., in turn, agrees to use its expertise and resources to develop and commercialize the intellectual property and technology effectively. 4. Governance: Establishes a governing body or committee responsible for overseeing the development and commercialization process. This body may consist of representatives from both The University of Memphis and UTE Corp. to ensure effective collaboration and decision-making. 5. Reporting and Evaluation: Specifies the reporting requirements from UTE Corp. to The University of Memphis regarding the progress and financial aspects of the development and commercialization efforts. Evaluations may also be conducted to assess the milestones achieved and the overall success of the collaboration. 6. Intellectual Property Ownership: Clearly defines the ownership rights of the intellectual property and technology developed during the course of the agreement. It may stipulate that The University of Memphis retains ownership while granting certain rights and licenses to UTE Corp. 7. Financial Terms: Specifies the financial terms of the agreement, such as licensing fees, royalties, and any additional payments that may be due to The University of Memphis. This section may also include details on the distribution of revenues generated from the commercialization efforts. 8. Confidentiality and Non-Disclosure: Includes provisions to protect the confidential information exchanged between the parties during the collaboration. This ensures that proprietary information remains confidential and cannot be shared with third parties without appropriate authorization. Different types of Santa Clara California Services Agreements between The University of Memphis and UTE Corp. regarding the commercial development of specific intellectual property and technology may include variations in terms or specific provisions based on the specific project or goals. These variations may depend on factors such as the duration of the agreement, the technology being developed, the financial arrangements, and the desired outcomes of the collaboration.

Santa Clara California Services Agreement between The University of Memphis and UTE Corp. regarding commercial development of specific intellectual property and technology is a legally binding contract that outlines the rights and obligations of both parties in relation to the intellectual property and technology being developed. This agreement is crucial for protecting the rights of the parties involved, while promoting collaboration and commercialization of valuable innovations. The agreement typically includes various provisions, such as: 1. Purpose: Clearly defines the purpose of the agreement, which is usually focused on the commercial development of specific intellectual property and technology. 2. Scope: Specifies the specific intellectual property and technology being developed, ensuring clarity on the subject of the agreement. 3. Rights and Responsibilities: Outlines the rights and responsibilities of both parties. The University of Memphis may grant UTE Corp. a license or exclusive rights to develop, market, and commercialize the intellectual property and technology. UTE Corp., in turn, agrees to use its expertise and resources to develop and commercialize the intellectual property and technology effectively. 4. Governance: Establishes a governing body or committee responsible for overseeing the development and commercialization process. This body may consist of representatives from both The University of Memphis and UTE Corp. to ensure effective collaboration and decision-making. 5. Reporting and Evaluation: Specifies the reporting requirements from UTE Corp. to The University of Memphis regarding the progress and financial aspects of the development and commercialization efforts. Evaluations may also be conducted to assess the milestones achieved and the overall success of the collaboration. 6. Intellectual Property Ownership: Clearly defines the ownership rights of the intellectual property and technology developed during the course of the agreement. It may stipulate that The University of Memphis retains ownership while granting certain rights and licenses to UTE Corp. 7. Financial Terms: Specifies the financial terms of the agreement, such as licensing fees, royalties, and any additional payments that may be due to The University of Memphis. This section may also include details on the distribution of revenues generated from the commercialization efforts. 8. Confidentiality and Non-Disclosure: Includes provisions to protect the confidential information exchanged between the parties during the collaboration. This ensures that proprietary information remains confidential and cannot be shared with third parties without appropriate authorization. Different types of Santa Clara California Services Agreements between The University of Memphis and UTE Corp. regarding the commercial development of specific intellectual property and technology may include variations in terms or specific provisions based on the specific project or goals. These variations may depend on factors such as the duration of the agreement, the technology being developed, the financial arrangements, and the desired outcomes of the collaboration.