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CLP Technology Transfer & IP Management Flashcards

6 cards from real CLP practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.

Read the first 6 CLP Technology Transfer & IP Management flashcards as text

  1. Technology transfer offices (TTOs) at universities primarily fulfill which role in the licensing ecosystem?

    Answer: Commercializing faculty inventions by patenting and licensing them to industry

    TTOs manage the identification, protection, and licensing of university-developed inventions to translate academic research into commercial products.

  2. The Bayh-Dole Act of 1980 is significant to US technology transfer because it:

    Answer: Allows universities and small businesses to retain ownership of inventions made with federal funding

    Bayh-Dole enabled universities and small businesses to take title to federally funded inventions, catalyzing the modern university licensing industry.

  3. A march-in right under the Bayh-Dole Act allows the federal government to:

    Answer: Require the patent owner to license the invention to other parties if it is not being adequately commercialized

    March-in rights permit the government to grant licenses to third parties when the Bayh-Dole recipient fails to bring the invention to practical application.

  4. What is a material transfer agreement (MTA) in the context of technology transfer?

    Answer: A contract governing the sharing of tangible research materials between institutions

    An MTA defines the terms under which biological or other research materials are transferred between organizations, specifying use restrictions and IP ownership.

  5. In university licensing, what distinguishes an exclusive license from an assignment?

    Answer: An exclusive license retains ownership with the licensor while granting sole rights to the licensee; an assignment transfers ownership entirely

    With an exclusive license the university keeps title but grants all exploitation rights to one party; with an assignment, title itself passes to the new owner.

  6. Which type of IP protection is most commonly used for protecting software algorithms in the United States?

    Answer: Patents and trade secrets

    Software algorithms are typically protected through patents (for novel functional methods) and trade secrets (for proprietary code kept confidential).