What are CUHK’s IP licensing terms?
Usually licensing terms are negotiable and will be considered on a case-by-case basis. The most common financial terms in a license would include (i) upfront payment, (ii) a fixed per-unit royalty or a royalty as a percentage of sales, and (iii) a minimum annual guarantee (MAG) royalty amount per year. Licensees who are interested in taking licenses of CUHK’s invention may submit a Term Sheet proposing their terms to CUHK for further discussion. The terms will be reviewed by ORKTS and approval will be sought from the management including ORKTS Director.