CRA Intellectual Property & Technology Transfer 1

Question 1

The Bayh-Dole Act of 1980 primarily grants universities and small businesses the right to:

Accepted Answer

Retain title to inventions made with federal funding

Answer

Receive unlimited federal grants without reporting requirements

Answer

License all federally funded inventions exclusively to large corporations

Answer

Waive all patent rights on government-sponsored research

Question 2

Which federal agency retains 'march-in rights' under the Bayh-Dole Act?

Accepted Answer

The funding federal agency

Answer

The Department of Commerce

Answer

The U.S. Patent and Trademark Office

Answer

The National Science Foundation exclusively

Question 3

An invention disclosure is typically the first formal step in technology transfer. Its primary purpose is to:

Accepted Answer

Notify the Technology Transfer Office of a potentially patentable invention

Answer

Publish the discovery in a peer-reviewed journal

Answer

Authorize commercialization without further institutional review

Answer

File a provisional patent application directly with the USPTO

Question 4

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?

Accepted Answer

12 months

Answer

6 months

Answer

24 months

Answer

2 months

Question 5

A 'nonexclusive license' in technology transfer agreements means the licensor:

Accepted Answer

Can license the same technology to multiple parties simultaneously

Answer

Transfers full ownership of the patent to the licensee

Answer

Restricts the technology to a single commercial partner

Answer

Grants the licensee the right to sublicense without restriction

Question 6

The government use license retained by the federal government under Bayh-Dole grants the government the right to:

Accepted Answer

Practice the invention for governmental purposes without paying royalties

Answer

Sell commercialized products derived from the invention to private entities

Answer

Block the university from licensing to foreign companies

Answer

Require the inventor to share royalties with the funding agency

Question 7

Which of the following best describes the role of a university Technology Transfer Office (TTO)?

Accepted Answer

Evaluating invention disclosures, filing patents, and negotiating licenses to commercialize university IP

Answer

Managing graduate student admissions and academic programs

Answer

Overseeing human subjects research and IRB compliance

Answer

Administering federal grant budgets and subcontract agreements