Technology contracts: An academic perspective

As university-industry ties broaden and strengthen it becomes more important for technology managers on both sides to understand the nature and obligations of the other, and thus its needs, policies, and limitations. This paper discusses some relevant aspects of the nature of universities, the needs of industry, current technologytransfer laws, and in consequence, university policies. It also provides standard language in selected clauses of research and licensing agreements that address these issues. In explicating this fundamental information, the paper might be a useful basis for starting negotiations.