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G. Conti – Politecnico di Milano 2006 © 1/13 CRUI – WIPO 28 marzo 2006 Technology Transfer Office Setting up a license agreement: An Italian University perspective CRUI - WIPO Roma, 28.03.06 Giuseppe Conti
G. Conti – Politecnico di Milano 2006 © 2/13 CRUI – WIPO 28 marzo 2006 Technology Transfer Office 3. Parties 4. Recitals 5. Definitions 6. Grant of the license 7. Fees 8. Obligations of licensee 9. Market introduction and Quality control 10. Development & Defense of IP 11. Warranties, liability… 12. Confidentiality and Term 13. Applicable law, jurisdiction Table of contents
G. Conti – Politecnico di Milano 2006 © 3/13 CRUI – WIPO 28 marzo 2006 Technology Transfer Office between Politecnico di Milano,address…, represented by …. (hereinafter the "Polimi" or Licensor or the University) and AZIENDA srl,address…., represented by…. (hereinafter Aziena or "Licensee") (hereinafter all together the Parties or each one a Party) Parties Dont forget all data and check who is going to sign
G. Conti – Politecnico di Milano 2006 © 4/13 CRUI – WIPO 28 marzo 2006 Technology Transfer Office WHEREAS, Licensor owns intellectual property rights..TITLE, all of which shall be licensed under the terms of this license agreement ("Agreement"); WHEREAS, the invention …was made in the course of research at Politecnico di Milano by NAMES ( Inventors) …; WHEREAS, the Inventors are employees of Polimi, and they assigned all of their rights to the University WHEREAS, Licensee is desirous of obtaining certain rights from University for commercial development… Recitals Describe the IP history, the negotiation activities and whatever useful to make a clear picture of the agreement
G. Conti – Politecnico di Milano 2006 © 5/13 CRUI – WIPO 28 marzo 2006 Technology Transfer Office Affiliate Confidential information Contractual IPRs Contractual Year Down payment (Exclusive) license Field Market Minimum royalty New IP Object of the license Licensed Patents Patent costs Piece royalty Term Territory Definitions Define all things in order to avoid misunderstandings…especially what in red
G. Conti – Politecnico di Milano 2006 © 6/13 CRUI – WIPO 28 marzo 2006 Technology Transfer Office Royalty-bearing, worldwide Exclusive License No extension to IP improvement Right to use the IP for its own non-commercial purposes.. Territory :all countries of the world Ok sublicense with consent and same obligations In any case Grant of license Pay attention to keep the use of IP and to regulate sublicensees
G. Conti – Politecnico di Milano 2006 © 7/13 CRUI – WIPO 28 marzo 2006 Technology Transfer Office Down payment unatantum Piece royalty every contractual year, from licensee and sublicensees Minimum royalty how much and when Sales figures, notification, accounting Payment when, deadlines.. Obligation to allow audit Fees Right trade off between cash and royalty
G. Conti – Politecnico di Milano 2006 © 8/13 CRUI – WIPO 28 marzo 2006 Technology Transfer Office IP cost maintenaince but NOT mgm Or Also direct payment with high penalty Best effort in development and commercialization Penalty or agreement changes if milestones fail Obligations of Licensee Take care about your IP Be sure your licensee is doing the best
G. Conti – Politecnico di Milano 2006 © 9/13 CRUI – WIPO 28 marzo 2006 Technology Transfer Office Responsibility of licensee (including bearing costs) References about university IP in technical documents No references for commercial purpose Responsibility for Quality control (also for sublicensees) Market Introduction; Advertising Bad experience in advertising
G. Conti – Politecnico di Milano 2006 © 10/13 CRUI – WIPO 28 marzo 2006 Technology Transfer Office Research done by licensor Research done by licensee Research jointly done Information of IP violation notify infringment agree to pursue infringment equally bear costs Assignment of IP by licensor Development and defense of IP Very important to regulate new IP and infringment actions
G. Conti – Politecnico di Milano 2006 © 11/13 CRUI – WIPO 28 marzo 2006 Technology Transfer Office Representations by licensor: is the owner of assigment by inventors has not granted to third parties to Licensors knowledge no IPRs are infringing any third parties IP does not warrant for manufacturing Idemnification for violating provision… Licensor not liable for damages resulting from manufacturing… Licensee liable also for sublicensees Representations and Warranties; Liability; Indemnification NO warranties of IP validity No liability for production
G. Conti – Politecnico di Milano 2006 © 12/13 CRUI – WIPO 28 marzo 2006 Technology Transfer Office Restrictions on disclosure In force till 31.12.09 + renewal 2 years Extraordinary termination by licensor non fulfillment of obligations, license, fees, maintenance payment obligations breach of agreement Extraordinary termination by licensee loss of any IP breach of agreement Consequences of termination Confidentiality, Term Be careful on dates No reimbursment in case of Invalid IP
G. Conti – Politecnico di Milano 2006 © 13/13 CRUI – WIPO 28 marzo 2006 Technology Transfer Office Applicable Law: agreement italian Law IP related to territory in action Jurisdiction 1° choice: court of Milano 2° choice: court of Munich Notification: Licensor address Licensee address Severability Applicable law and jurisdiction An Italian university must refer to Italian Law, easier and cheaper
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