Once an Agreement has been executed, the UILO will ensure compliance is maintained (ie. “Are the milestones being reached?”; “Are the licensing fees paid or received?” etc). It is in the best interests of the Parties to honour the elements and spirit of the Agreement. Future collaborations and partnerships may flourish from these initial Agreements offering benefit to the inventor(s), The University and the other Party.
Further to compliance, the UILO will honour any revenue-sharing agreements with the inventor(s) of the innovation per University Policy.
Please refer to the revenue-sharing policy of the University with respect to copyrights and patents. The UILO endeavors to create a favorable ecosystem to innovate by offering investor-friendly and vetted policies and guidance to accelerate innovation to the market-place.