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This term sheet is not meant to be a binding contract, but rather is intended to set forth the primary licensing terms as agreed upon by the undersigned parties, to be codified in a License
Agreement to be negotiated between the parties.
Parties to the Agreement:
University of Virginia Patent Foundation (“UVAPF”)
Scope of Rights:
Reservations of Rights:
Field of Use:
Non-royalty Sublicensing Fees:
Minimum Annual Royalty:
Insurance/Indemnification: Required as a condition of the license (such insurance policy to name UVA and UVAPF as insured parties).
Executive Director – UVAPF