technology transfer agreement
thus, lawyers in the area should have a familiarity with the strategies and basics of handling these matters. the premise of this act is that inventions created using federal funding should be licensed in a way that promotes their commercial development for the public benefit. if it chooses to retain title, the university must file a united states patent application within one year of this election, stating within the application that the government has rights in the application. the agreement could be in the structure of an assignment, a license, or a joint venture.