Tech Transfer Central
Industry-Sponsored Research Management

Drafting and Negotiating Preferential Rights in University IP Licenses and Sponsored Research Agreements

Format: Live Webinar, On-Demand Video, DVD, or PDF Transcript
Tuesday, April 18, 2017 ~ 1:00-2:00 pm (Eastern Time)

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Price: $197
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Drafting and Negotiating Preferential Rights in University IP Licenses and Sponsored Research AgreementsAlthough 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.

That’s why Technology Transfer Tactics’ Distance Learning Division has scheduled this one hour session reveal drafting and negotiation strategies and best practices for addressing the structure, assignment and enforcement of preferential rights.

Join us on April 18th for this critically important webinar led by University of Utah Technology and Licensing Manager Beth Drees, PhD, MBA. Dr. Drees will:

  • Discuss the four main types of preferential rights and their use, benefits and limitations:
    • Options
    • Rights of first refusal
    • Rights of first offer
    • Rights of first negotiation
  • Instruct you on how to use preferential rights as a negotiation tool with licensees and potential research sponsors
  • Review examples of agreements and contract language
  • Outline key strategies for negotiating rights to Improvements with research partners and licensees
  • Give you a solid understanding of field-of-use provisions, and how they may fit into the preferential rights discussion
  • Provide best practice advice for structuring incentives to sublicense outside of field of use

Your Program Leader:

Beth DreesBeth Drees, PhD, MBA
Lead Health/Science Technology Manager
Technology & Venture Commercialization
University of Utah

In 2006, Beth Drees joined the University of Utah’s Technology and Venture Commercialization office (TVC), where she has worked with technologies and inventors working in health sciences, diagnostics, and therapeutics, and acting as the TVC liaison for ARUP Laboratories and Huntsman Cancer Institute. Prior to her current position, Beth left academic research in 1998 to take a position as a scientist at Arcaris, a Utah company focused on target discovery and validation. Several years later, she moved to University of Utah start-up Echelon Biosciences, as the Director of Biology, where she led a team in product and assay development.

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Participation in the live webinar is just $197 per site and allows access to one computer for an unlimited number of people to watch. Gather your entire staff and watch for maximum benefit!

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CLP and CLE Credits Available
Please review your State Bar’s policy on distance learning credits prior to submitting the non-refundable application fee. We submit CLE applications (excluding NY, NJ, IL, LA & PA) for an additional $50 (unless otherwise specified upon checkout). Approval times vary per state and cover all attorneys in attendance. Application is not a guarantee of approval and attendance forms must be submitted following the program.

CLP Credits are also available.

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