TT Glossary

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B
Biological Material
 * Potentially licensable materials such as antibodies, cell lines, cDNA, vectors, plant varities, etc. (AUTM definition)

C
Cash-in Equity
 * Amount received from cashing in equity holdings, resulting in a cash transfer to the institution (AUTM definition).

L
License Agreement
 * A License Agreement formalizes the transfer of technology between two parties, where the owner of the technology (licensor) permits the other party (licensee) to share the rights to use the technology (AUTM definition).

M
Materials Transfer Agreements
 * Materials Transfer Agreements are legal documents that set the rights and obligations of a providers and recipient of a material (usually cell lines, mouses or other biological material)

O
Option Agreement
 * An Option Agreement grants the potential licensee a time period during which it may evaluate the technology and negotiate the terms of a License Agreement (AUTM definition).

R
Running Royalty
 * Running Royalties are defined as royalties earned on and tied to the sale of products. Excluded from this number are license issue fees, payments under options, termination payments, and the amount of annual minimums not supported by sales. Also excluded from this amount is cashed-in equity (AUTM definition).

S
Institution Start-up or Spin-Offs
 * Institutions Start-ups or SPin-Offs are new companies that were dependent on licensing the institution’s technology for their formation (AUTM definition).

T
Technology Transfer
 * Technology Transfer Activities include those activities associated with the identification, documentation, evaluation, protection, marketing, and licensing of technology (including trademarks but not university’s insignia) and intellectual property management, in general. It encompasses all other activities also associated with the day-to-day operations of a Technology Transfer Office, including assisting with the negotiation of research agreements, MTAs, reporting of inventions to sponsors, and all other duties performed by the office.