This template can be used when a company has agreed to allow an academic institution or industrial partner to use certain materials in connection with a research project
The agreement provides for the university owning the IP in the results, but assigning the IP in any improvements to the company
Key issues covered in this template
Payment terms
Use and exploitation of intellectual property
Academic publication
Provision of materials
Confidentiality
Limitation of liability
Term and termination
Waiver of rights
Governing law
Exclusive licence of intellectual property
What to watch out for
The results are defined in this agreement as the results arising from the use of the materials (and not the results of the collaborative research project as a whole)