2.2 Technology refers to existing, unpatented and un copyrighted ideas, technical data and information that are generally described in Schedule A. Technology excludes software. 3.4 The licenses covered in paragraph 3.3 above are exclusive in the scope of use granted for a term that continues on December 1, 1998 and ends on September 4, 2011. Second, this license is not exclusive until the software`s copyright expires. 4.2 Google may require that patent applications for the invention be filed abroad in addition to the patent applications selected by Stanford. If Google chooses to drop patent or patent applications in a country, it will communicate in due course to STANFORD, which can pursue lawsuits or maintenance, at its own expense, and GOOGLE no longer has rights to that patent application or patent in that country. Intellectual Property (IP) (closing) Creative ideas and expressions of the human spirit that have commercial value and are entitled to the legal protection of a property right. The main legal mechanisms for protecting intellectual property are copyright, patents and trademarks. IP rights allow owners to choose who can access their intellectual property and use it and protect it from unauthorized use. The nature of the animal means that it would be commercially naïve to set targets – either for licensing agreements or for licence revenues. “On average, we expect five or six new revelations a week. We have patents on about half of them and we grant about a third of them. Of course, we look at how many licenses each licensee earns compared to that average,” Wiesendanger said, “but there can be no absolute measures; in their appetite for new technologies, the fields are very different and cyclical. OTL seeks the most effective means of technology transfer for the use and utility of the public and is responsible for the evaluation, marketing, negotiation and licensing of copyrighted inventions or materials with commercial potential at the university.

Computer databases, software and firmware, as well as other copyrighted works of the university are authorized through OTL. Derogations from this procedure must be approved in advance by the Dean of Research. Without Terman and Reimers, one wonders if Stanford`s OTL (and indeed the entire U.S. technology transfer industry) would be close to what it is today. Of course, a fortuitous geographical location, coupled with a thirst for entrepreneurship, is an essential condition for ip success. But without a vehicle to promote, enable and market inventions, the bridge between the laboratory and the market would indeed be fragile. The fact that Stanford thought in the right direction in the 1960s made it ideally positioned to take advantage of the important Bayh-Dole Act, passed by Congress in 1980. There were American universities that have ownership of all patents developed with federal funds. 19.1 Any controversy arising from or related to this Agreement and any contentious claim by one of the parties against the other party in that agreement, excluding any disputes related to the validity of the patent or the violation of that agreement, are settled by arbitration proceedings in accordance with the rules of the American Arbitration Association`s Licensing Agreement.

Stanford has successfully obtained a license for patented and unlicensed software. In fact, most of Stanford`s licensed software code is not patented because it is often expensive to file software patent applications. On the other hand, we are willing to file patents on the ideas behind the software code, if the concepts in the software are really new and applicable, and if we believe that the return of royalties will be worth the cost of the submission.