Tech Transfer Central
University-Industry Engagement Advisor

Preventing Legal Disputes with Faculty Start-Ups: Drafting Agreements that Avoid Future Conflicts

Format: Live Webinar, On-Demand Video, DVD, or PDF Transcript
Thursday, April 04, 2019 ~ 1:00-2:00 pm (Eastern Time)

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Price: $197
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Every tech transfer office knows its role is largely one of service to faculty, assisting researchers in moving their innovations through the commercialization pipeline. Typically, this means the researcher sees the TTO as an ally and advisor, often assisting with everything from disclosure to patent to start-up creation and funding. But, the feelings of “we’re in this together” can quickly turn sour when it comes time to negotiate licensing terms or the university’s equity stake in the start-up. And it can get downright nasty when things get real in term of money, leadership, control, and exit.

Many universities rely on boilerplate contracts for ease, quickness, and transparency, but start-ups are as unique as the inventions they are founded upon. And, while some terms and conditions are prime for cut-and-paste, this overall approach brings great risk of misunderstandings that can lead to bad blood and costly litigation.

That’s why Technology Transfer Tactics’ Distance Learning Division is teaming up with K. Lance Anderson, attorney with Dickinson Wright PLLC, for this important webinar:

Preventing Legal Disputes with Faculty Start-Ups: Drafting Agreements that Avoid Future Conflicts

Mr. Anderson has experienced the push and pull of faculty start-ups from both sides of the table, and he’ll provide critical insight and guidance on the factors that trigger conflict, the contractual blunders that allow it, and the best practices that will prevent it.  Here’s a brief look at the agenda:

  • Heading off common areas of disagreement and laying the groundwork for smooth sailing:
    • The timing and drafting of founder’s agreements
    • How the university’s equity terms are drafted
    • Valuation perception
    • Risks to subsequent funding rounds
  • Clearly defining milestones and due diligence in the contracts
  • Addressing sublicensing parameters, royalty rates, and auditing rights
  • How entrepreneurial programs and start-up initiatives impact the tech transfer function and the office’s relationships with inventors and business leaders
  • Warning signs and corrective steps
  • Knowing when it’s time to go back to the negotiating table and how to do it without alienating faculty

PLUS: Get answers to your questions during the live, interactive Q&A portion of the program.

Meet Your Program Leader:

K Lance AndersonLance Anderson is a Member in the Austin, Texas office of Dickinson Wright PLLC. He has extensive experience preparing and negotiating technology and intellectual property-focused transactions, as well as technology aspects of mergers and acquisitions, joint ventures, and other complex commercial transactions. A registered patent attorney, Mr. Anderson also handles patent prosecution, due diligence for licensing and acquisitions, technology agreements, strategic planning, trade secrets, and related operational legal issues.

Prior to private practice, Lance served for over ten years as in-house counsel and lead intellectual property attorney for both a large public research university system and an early stage venture capital company, overseeing all facets of intellectual property development, management, and transactions.

Lance represents clients within the innovation and research enterprise including R&D, clinical and regulatory matters, strategic collaborations, CRADAs, manufacturing, distribution, engineering services, institutional technology transfer, confidentiality and materials exchange, and related alliances. In addition to representing clients on intellectual property issues, he has been involved in many aspects of corporate law, operations, financing and litigation ranging from start-up and early stage companies to mature market leaders.

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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
Many state bars require written certification of attendance from the program sponsor. When you receive the access instructions for a live webinar, you will be directed to a webpage to download program materials. Included in these materials is an attendance form which should be completed and returned to us immediately following the presentation.

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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