Our Process

The Office of Technology Licensing evaluates, markets and licenses technology owned by Stanford. OTL's mission is to encourage effective technology transfer for the public benefit as well as generating royalty income for Stanford to benefit research and education.

First Licensee Meeting Agenda

1. Licensee's Objectives, Needs, and Desires
   
   
2. Stanford Objectives, Needs, and Desires

   a) Commercial development for society's use and benefit
   b) Share in financial return from our investment
   c) Management of potential conflict of interest
   d) Indemnification

   
   
   
3. License Option

   a) Field(s) of use
   b) Exclusivity
   c) Duration
   d) Diligence milestones
   

   i.) business plan
   ii.) funding
   iii.) management team
   

   e) Fees
   
   

4. General Terms of License Agreements

   a) Field(s) of use
   

   i.) applications
   ii.) embodiment
   

   b) Exclusivity
   c) Duration
   d) Sublicensing
   

   i.) rights
   ii.) fees
   

   e) Royalties
   

   i.) issue
   ii.) annual minimums
   iii.) earned royalties
   iv.) equity
   

   f) Diligence milestones (from business plan)
   

   i.) working prototype by xx/xx/xx
   ii.) product available for sale by xx/xx/xx
   iii.) first commercial sale by xx/xx/xx
   

Streamling Negotiations with OTL