The Office for Technology Development routinely involves the inventor as much as she or he wishes to be involved. They are consulted on all major developments throughout any negotiations. UT Southwestern will work to establish a license or joint ownership agreement as appropriate. Any resulting disbursable revenues received by Southwestern will be disbursed to Southwestern inventors according to policy. The Technology Development staff monitors license compliance.
Most licenses provide for a limited time period to correct a default.
If the licensee is unable to remedy the problem, the license is terminated unless other arrangements are made. Terms are written into each license to encourage the licensee to commercialize Southwestern's intellectual property. Also, UT Regent's Guidelines on Intellectual Property License Agreements require that licenses include grant back provisions in the event a licensee fails to develop and commercialize the intellectual property. An inventor may consult with a licensee under specific conditions, subject to the approval of the institutional Conflict of Interest Committee, the inventor's department chairman and the appropriate Dean. An inventor may provide general consulting or technology transfer consulting.