CLP CLP Technology Transfer & IP Management

Question 1

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

Accepted Answer

Commercializing faculty inventions by patenting and licensing them to industry

Answer

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

Question 2

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

Accepted Answer

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

Answer

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

Question 3

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

Accepted Answer

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

Answer

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.

Question 4

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

Accepted Answer

A contract governing the sharing of tangible research materials between institutions

Answer

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

Question 5

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

Accepted Answer

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

Answer

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.

(CLP) Certified Licensing Professional Practice Test

(CLP) Certified Licensing Professional Practice Test

CLP CLP Technology Transfer & IP Management