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

The Bayh-Dole Act allows universities, small businesses, and nonprofits to elect to retain title to inventions developed with federal funding, stimulating commercialization.

Question 2

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

Accepted Answer

The funding federal agency

Answer

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.

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

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.

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

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.

Question 5

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

Accepted Answer

Can license the same technology to multiple parties simultaneously

Answer

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.

(CRA) Certified Research Administrator Practice Test

(CRA) Certified Research Administrator Practice Test

CRA Intellectual Property & Technology Transfer 1