Additional questions

If you are still unsure which model to use, try answering the following questions to help determine an appropriate way forward:

• whose idea was the Project?
• what is the purpose of the Project?
• why does the Sponsor wish to fund the Project?
• why does the University wish to carry out the Project?
• what are the relative contributions of the parties in cash and in kind? (Please note that financial contributions might also include a profit margin in addition to FEC, milestones, payment of patent costs, and protection for enforcement/infringement proceedings, etc.)

Lambert Model Agreement 2

The University owns the IP in the Results and licenses the Sponsor and its Group Companies to use the Results in a specified field and/or territory, and the Sponsor has an option to acquire an exclusive licence in relation to certain Results.

Lambert Model Agreement 3

The University owns the IP in the Results and licenses the Sponsor and its Group Companies to use the Results in a specified field and/or territory and the Sponsor has an option to take an assignment of the IP in certain Results.

If neither of these seem appropriate, you might consider using Model Agreement 1:

Lambert Model Agreement 1

The University owns the IP in the Results and grants a non-exclusive licence for the Sponsor and its Group Companies to use the Results in a specified business area (field) and/or a geographical area (territory).