Clean effect in a Commercialization Agreement - Online Editor

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How to clean effect in the Commercialization Agreement

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What is a far 49 termination for default?

A FAR 49 Termination for Default vs cause focuses on a complete or partial termination of a government contract because the government alleges the contractors actual or anticipated failure to meet its obligations under the contract.

How do you commercialize an invention?

The Commercialization Process Research. Observations and experiments can lead to new discoveries and inventions. Assessment. Intellectual Property Protection. Marketing. Selecting a Licensee. Licensing. Commercialization. Revenue.

Who is responsible for negotiating any termination settlement with a contractor?

(d) After the contracting officer issues a notice of termination, the termination contracting officer (TCO) is responsible for negotiating any settlement with the contractor, including a no-cost settlement if appropriate.

What is a commercialization agreement?

An agreement between two entities to collaborate on commercializing one or more products incorporating one partys patentable technology, know-how, or other intellectual property (IP).

What is commercialization of intellectual property rights?

Commercialisation is the process of turning products and services into a commercially viable value. Concerning Intellectual Property (IP), this term can be more specifically defined as the process of bringing IP to the market in view of future profits and business growth.

What may the government be liable for under a contract terminated for convenience?

The TCO will be responsible for negotiating any settlement with the contractor, including a no-cost settlement if appropriate. When the contracting officer terminates a contract for convenience, the government is liable to the contractor for the contractors incurred costs and profit on all work performed.

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