A UWMRF Express License Agreement (ELA) is a fast-track process that allows faculty and student entrepreneurs to develop and commercialize their ideas. It is designed to streamline the contract negotiation process, reduce legal costs, and provide a license that has a predefined set of terms and conditions. An UWMRF-ELA is a standard, non-negotiable, exclusive license agreement specifically designed for startups founded by UWM faculty, staff, and students.
An ELA offers standard terms that are reasonable for both parties. This expedites the licensing process by eliminating the need to negotiate a license with UWMRF. An ELA must be signed without any modifications, in other words “AS IS.”
Any UWM startups that do not wish to use the ELA terms but wish to execute a license with the UWMRF are also welcome to negotiate through our standard licensing processes.
*UWMRF reserves the right to determine if the proposed technology qualifies for the UWMRF-ELA.
Startups are not always required to use an UWMRF-ELA. Alternate licensing options may be negotiated with UWMRF.