for a test run
An option to license allows potential licensees to hold their place in line. It is a standard and efficient agreement that guarantees access to license a technology for an agreed upon time period. It also includes the right to evaluate and provides the prospective licensee a set amount of time to fully evaluate interest in a technology without the risk of losing the technology to a rival.
CoMotion offers option agreements to allow companies time to negotiate a license and discuss business needs. Option agreements are available ahead of any license negotiation including startup, exclusive, non-exclusive, material, software, and device licenses. Here is a standard exclusive option agreement template.
An evaluation license allows potential licensees to take UW technology for a test run. It involves minimal negotiation, is short-term only and provides the opportunity for de-risking. Low transaction costs allow companies to consider the fit of technology with their existing pipeline prior to establishing a license or option.
CoMotion offers evaluation agreements for materials, program services, intellectual property rights, devices, software, or confidential information. Here is an example template for program services.