Unlocking University Technology Licensing: Essential IP Tips and Agreement Strategies to Dodge Patent Pitfalls (Watch the Video!)

Licensing technology from universities or research institutions can give companies a leg up with innovative ideas. But it comes with its challenges, especially in protecting intellectual property. Here’s what you need to know to navigate this process smoothly.

### Key Steps to Take

Phil Crowley, founder of Crowley Law LLC, shares important insights on technology licensing. He emphasizes a simple yet crucial principle: GET IT IN WRITING.

#### Beware of Public Disclosure

University researchers often face pressure to publish their findings quickly to advance their careers. But if they disclose an invention before filing for a patent, it can become public domain. This means the technology cannot be patented, posing a significant hurdle for commercialization.

To avoid this pitfall, ensure there’s a written agreement with the university. This agreement should clearly state that researchers cannot publicly share any details about the technology until after a patent application is filed.

#### Securing Your Rights

It’s also essential to have a formal agreement that outlines your company’s rights to the technology. This should include specifics about licensing conditions. Relying on verbal agreements is risky and can lead to misunderstandings.

Navigating the academic landscape while protecting your business interests requires careful planning and legal agreements. Missing these steps can result in losing valuable intellectual property rights.

### Recent Trends and Insights

According to a report by the Association of University Technology Managers (AUTM), universities licensed over 1,000 new technologies to private companies in 2021 alone. This growing trend highlights the importance of having a solid licensing strategy in place.

Additionally, social media platforms are buzzing with discussions about technology licensing. Entrepreneurs and tech enthusiasts often share experiences, both good and bad, about their licensing journeys. This shared knowledge can provide valuable insights for anyone looking to enter this realm.

In summary, if you’re considering licensing technology, make sure to do it right. Clear written agreements can help protect your interests and pave the way for successful innovation. Always consult an expert to tailor advice to your specific situation.

For more detailed guidance on technology licensing, it’s wise to refer to AUTM’s resources. They offer comprehensive information on best practices and industry standards.



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