Master Alliance Provisions Guide (MAPGuide)

AUTM Preliminary Patent Management Agreement

  • Intellectual Property | License Grants

3) Licensing; Definitive IIA. Lead Institution will use reasonable efforts, consistent with its usual practices, to seek licensees for the Joint Invention(s). Neither Institution will execute a license covering the Joint Invention unless this Agreement is terminated or replaced with a definitive inter-institutional agreement (“Definitive IIA”). The Institutions currently intend to enter into a Definitive IIA when a licensee is identified, although an Institution may initiate negotiations of the Definitive IIA before then.