Intellectual Property & Technology Transfer Flashcards
7 cards from real CRA practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Intellectual Property & Technology Transfer flashcards as text
The Bayh-Dole Act of 1980 primarily grants universities and small businesses the right to:
Answer: Retain title to inventions made with federal funding
The Bayh-Dole Act allows universities, small businesses, and nonprofits to elect to retain title to inventions developed with federal funding, stimulating commercialization.
Which federal agency retains 'march-in rights' under the Bayh-Dole Act?
Answer: The funding federal agency
Under Bayh-Dole, the funding federal agency retains march-in rights to require licensing to third parties if the grantee fails to commercialize the invention adequately.
An invention disclosure is typically the first formal step in technology transfer. Its primary purpose is to:
Answer: Notify the Technology Transfer Office of a potentially patentable invention
An invention disclosure is a confidential document submitted by inventors to their Technology Transfer Office to report a potentially patentable discovery and initiate the evaluation process.
Under Bayh-Dole, a university that elects title to a federally funded invention must notify the sponsoring agency within how many months of the inventor's report?
Answer: 12 months
Bayh-Dole regulations (37 CFR 401) require the contractor to elect title within two years of the inventor's report, but notification of the election intention to the agency must occur within the required timeframe set at 12 months of the invention report.
A 'nonexclusive license' in technology transfer agreements means the licensor:
Answer: Can license the same technology to multiple parties simultaneously
A nonexclusive license allows the licensor (e.g., university) to grant the same rights to multiple licensees at the same time, whereas an exclusive license restricts those rights to one party.
The government use license retained by the federal government under Bayh-Dole grants the government the right to:
Answer: Practice the invention for governmental purposes without paying royalties
The Bayh-Dole Act includes a royalty-free, nonexclusive license for the U.S. government to practice any subject invention for its own purposes.
Which of the following best describes the role of a university Technology Transfer Office (TTO)?
Answer: Evaluating invention disclosures, filing patents, and negotiating licenses to commercialize university IP
A Technology Transfer Office is responsible for evaluating the commercial potential of inventions, pursuing patent protection, and licensing intellectual property to industry partners.