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OTT has developed several model license agreements that serve as the basis
for license negotiation.
The business development plan submitted as part of the license application process
serves as the basis for establishing performance benchmarks that are included in the
license agreement. OTT works closely with licensees to monitor performance and to
adjust benchmarks, when appropriate, to ensure the successful commercial development of its inventions.
Licensees are required to respond at least annually on their utilization of or efforts
to utilize license patent rights. These responses are kept confidential and, to the extent
permitted by law, are exempt from disclosure under the Freedom of Information Act (5 U.S.C. §552).
Licenses are revocable for specific reasons, such as non-use of or failure to develop
the invention, failure to comply with governing regulations, or failure to satisfy public
health needs. Licensees also must normally agree that any products embodying the invention
or made through the use of the invention, and which are sold in the United States will be
manufactured in the United States.

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