Licensing and sales
License agreement
A license agreement for an invention is a contract between AU/Central Denmark Region and a third party, where the rights to a technology are licensed to the third party without the transfer of ownership. The agreement regulates rights and obligations for the licensee, including financial terms. An option agreement is sometimes used to give a third party the opportunity to evaluate the technology for a limited period before a decision on licensing is made.
Sales agreement
A sales agreement is a contract between AU/Central Denmark Region and a third party, where ownership of the rights to a technology is transferred to a third party in exchange for financial compensation. AU/CDR will no longer have any control over the intellectual property rights to the technology. An option agreement is sometimes used to give a third party the opportunity to evaluate the technology for a limited period before deciding to purchase the technology.
