Through a license, the university can transfer the use and economical exploitation rights of an industrial or intellectual property to a company.

Characteristics:

The contract sets the conditions of exclusivity, the geographical scope, royalties and duration of the license.

It brings solutions that have already been developed to the company’s technological needs.

On occasions, the license requires an additional assessment service in the use or making of the technology.

The company’s benefits: The company can directly use, make or commercialize a product or new process.

The company has legal protection against copies or imitations.

The company can help finance the cost of the project through public or private programs and tax deductions.