Who conducts license negotiations?
License negotiations are handled by the staff of the OTT. 25. What kind of financial terms are included in a license agreement? The financial terms of a license agreement can vary greatly. They may include, but are not limited to, up-front fees, license reissue fees, minimum annual royalties, milestone payments, royalties and equity. Financial terms are widely variant and are tailored to fit the specific nature of each technology and each license transaction. 26. Can equity be included in a license? Equity may be transferred to The University in a license transaction as partial or sometimes total compensation for the rights conveyed. Typically, equity plays an important part in licensing to a start-up company. 27. Who signs license agreements? The Vice-Chancellor for Research is NCSU’s representative authorized on behalf of the university. The Office of Legal Affairs and OTT staff provide reviews to ensure compliance with university policies. 28. What happens if an inventor leaves NCSU
