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Why do universities sometimes license to foreign companies, and to what extent have federally-assisted technologies been licensed to foreign companies on an exclusive basis?

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Why do universities sometimes license to foreign companies, and to what extent have federally-assisted technologies been licensed to foreign companies on an exclusive basis?

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When universities seek potential licensees, they begin close to home–with companies within the same state of region. This makes sense because the company often needs to have access to the inventor as a consultant to assist in the development process. Such interaction is easier if distant travel is not required. Universities consider licenses to foreign companies in those instances where all attempts to identify a domestic licensee have failed. If a thorough investigation of all possible licensees in the United States results in failure, should the universities seek foreign licensees or close the file? There are many foreign companies which are leaders in their fields and thus, also, are potential licensees. in some cases, such as in equipment for the paper drying industry, the only prospective licensees may be foreign companies. Many of what appear to be local and U.S. based companies are, in fact, “foreign”; they may have been purchased by a foreign corporation (as is the case with G

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