ENT600-CH8

Five options to commercialize the new product except:

• outright sales

• licensing

• spin off

• spin in

Reasons why researcher sell their R&D outputs except:

• the product competing with a promising substitute product

• the cost to secure the patent right is higher than the potential

• to create competitor

• to avoid hassles associated with patent application

Failure to comply with the obligation stated in the agreement may lead to termination of the license and reversion of exploitation rights. In what options this condition happens:

• outright sales

• patent assignation

• licensing patent

• spin off

------- is a legal contract so it will se out the terms upon the exploitation rights are granted.

• patent assignation

• licensing

• spin off

• spin out

Licensor s the patent holder who license his patent

• true

• false

Among the benefit of licensing to licensor are:

• create competitors

• potential of quality problems

• losing control of proprietary information by sharing with the licensee

• allow simultaneous use by many to produce varieties of product

Irrevocable exploitation right given by the assignor to an assignee

• outright sales

• licensing patent

• spin off

• patent assignation

involve sales and transfer of ownership of the patent by the assignor to the assignee

• outright sales

• patent assignation

• licensing patent

• spin out

Creating a new venture from within established organization such as university or a company

• spin off

• spin out

• outright sales

• licensing patent

leave the parent organizations and established independent new ventures to commercialize the product he owned.

• spin on

• spin off

• spin out

• spin around