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Can pre-existing intellectual property be licensed concurrently with execution of a sponsored research contract?

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Can pre-existing intellectual property be licensed concurrently with execution of a sponsored research contract?

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A license to pre-existing intellectual property often plays an important role in completing a sponsored research agreement (SRA). Sometimes it is more appropriate to grant the sponsor an option to acquire rights in pre-existing intellectual property. The grant of a license or option is handled separately from the sponsored research agreement in virtually all cases.

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