What does the Office of Intellectual Property (OIP) do?
OIP helps LSU faculty, staff, and students in several ways in the area of intellectual property. For example: 1. On receipt of a technology disclosure, OIP will evaluate the technical and economic merits of the disclosure. 2. Those disclosures that pass certain approval criteria will be assigned to LSU’s patent attorneys for patent prosecution. 3. OIP acts as liaison between inventors and patent attorneys. 4. OIP authorizes and controls patenting expenses. 5. OIP publicizes and solicits commercial interest from outside business and industry in LSU technologies. 6. OIP negotiates licenses with interested entities. Licenses typically call for an upfront, nonrefundable licensing fee, a running royalty based on sales, and minimum royalties. Licenses sometimes provide for research grants or equity as well. 7. OIP distributes royalty income. 8. OIP monitors licenses. 9. OIP reviews research grant contracts and other agreements like confidentiality agreements, material transfer agreements, et
