Texas Tech University

Commercializing Technology

Negotiating a License

ORC will negotiate a formal license agreement with a partner (or partners) determined to be well equipped and well positioned to commercialize the technology and maximize its impact. We negotiate terms benefiting all parties involved: the inventor, the University, the partner, and the public—and we always retain the right to use an invention for noncommercial purposes at Texas Tech and elsewhere.

What's in a License?

Some important elements of a license agreement include provisions governing the scope of the license (exclusive or nonexclusive), the breadth of the field, the reporting and diligence obligations of the licensee to Texas Tech, and royalty considerations payable to Texas Tech to ensure that the University and the inventors are fairly compensated for the value they have created.

 

We Want to Hear from You!

Questions about the patent process? Interested in partnerships? Looking for specific available technologies at TTU? Send us an email and a member of our staff will reply promptly.

To submit a disclosure, please visit the Disclose an Invention page.

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Office of Research Commercialization