Negotiation of License Agreement with OSU

If planning for the startup company involves the use of intellectual property that belongs to OSU, a license agreement must be executed to ensure certain rights are transferred to the company. TDC is responsible for negotiating this agreement on behalf of OSU. This agreement will contain, among other things, provisions for consideration to OSU, language on indemnification, sublicensing, confidentiality, termination, infringement, and reporting.