Although preferential rights such as options, rights of first refusal, rights of first offer, and rights of first negotiation are frequently used in IP licenses, there is widespread misunderstanding about what each means. Lack of clarity and improper definition can lead to confusion, which in turn often results in placement of the same standard provision in every agreement. That can be a big miss for your university.
In fact, preferential rights allow customized access to IP assets for licensees and can be a significant negotiating point when drafting deals with research partners. But, if these provisions are improperly drafted or allocated in the license, you risk leaving dollars on the table — or even inadvertently giving away your future stake in the IP.
Drafting and Negotiating Preferential Rights in University IP Licenses and Sponsored Research Agreements, scheduled for April 18th, will offer a detailed look at drafting and negotiation strategies and best practices for addressing the structure, assignment and enforcement of preferential rights. Join us on April 18th for this important webinar led by University of Utah Technology and Licensing Manager Beth Drees, PhD, MBA.
For details and to register, CLICK HERE.
ALSO COMING SOON:
- March 23: EAR/ITAR Compliance Workshop: Understanding and Managing Export Control in University Research and Technology Transfer
- March 28: Avoiding Legal Issues that Can Derail University Start-Ups
- April 11: Establishing an Effective Royalty Audit Process for University IP Licenses
- April 26, 2017: Building a Powerful, Engaged Network of Commercialization Partners: Spotlight on Tech Launch Arizona