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License Agreement

A license is permission granted to allow another party to act under all or some of the owner’s rights, usually under a written license agreement.

License agreements describe the rights and responsibilities related to the use and exploitation of intellectual property.

UD license agreements usually stipulate that the licensee must diligently seek to bring the University’s intellectual property into commercial use for the public good. In exchange, the agreement also seeks to provide a reasonable return to UD.

A typical license agreement includes the following elements:

  • Scope of License Rights (Exclusive vs. Nonexclusive)
  • License Fee
  • Patent Reimbursement
  • Development Period and Diligence
  • Royalty
  • Minimum Royalty

Please note that University of Delaware’s Office of General Counsel oversees all legal services for the University of Delaware. Matters pertaining to research (including research-related agreements, research-related compliance, and research-related intellectual property) may be directed to the Research Office, which will coordinate with the General Counsel’s Office, as appropriate.

Office of Economic Innovation & Partnerships • 1 Innovation Way, Suite 500, Newark, DE 19711 • 302.831.7140