Intellectual Property
The Â鶹ӰԺ views sponsored project agreements as an opportunity for a new partnership aimed at supporting the university’s mission and the sponsor’s commercialization efforts.
CU Â鶹ӰԺ follows United States patent and copyright laws to determine inventorship and authorship for intellectual property (IP)Ìýcreated during the sponsored project. In regard to IP ownership:
- CU Â鶹ӰԺ owns the IP created solely by its employees.
- The sponsor owns the IP created solely by its employees.
- CU Â鶹ӰԺ and the sponsor jointly own the IP that is jointly created.
In most cases, CU Â鶹ӰԺ is able to offer the sponsor an option to acquire an exclusive license to IP, whether the IP was developed solely by university employees or developed jointly by both parties' employees. The sponsored project agreement may include a nonexclusive license to the lab’s background IP and foreground IP depending on:
- The scope of the project
- The aims of the project
- The circumstances around IP developed in the specific CU Â鶹ӰԺ lab prior to the start of the project
While these are some of the standard terms of a sponsored project agreement at the university, CU Â鶹ӰԺ understands that the best agreement for both sides will be unique to each project. CU Â鶹ӰԺ is committed to working with our industry partners to find the optimal IP arrangements that are competitive and fit the sponsor’s strategic plans.