SoCrates Licensing Process

 

  • Notice of Authorship/Software - The process begins when you notify ORC about copyrighted materials such as creative works and software you created. To commercialize your work, first download and submit a Notice of Authorship or Notice of Software form.
     
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  • Assessment - After you submit the Notice, ORC will work with you to complete an Assessment of the creative work.  An assessment document is created to help inform you and ORC about the commercial potential of the work. This includes a recommendation about the type of marketing activity that will take place. The assessment document is continually updated throughout the entire creative works and software licensing process.
     
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  • Marketing - The licensing team will assemble a non-confidential summary and begin marketing the copyrighted material to potential licensees.  For works available via Express Licensing, the licensing team creates a page on the SoCrates Express Licensing Website.
     
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  • Express License – A creative work available on the SoCrates Express Licensing Website is available for licensing via one or more predetermined licenses with differentiated pricing options.  These licenses are simple, non-negotiated, and non-exclusive.  A licensee can select the creative work, a license with pricing, make payment via credit card transactions and download the work.
     
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  • Negotiated License - When a company is interested in your technology, the licensing team negotiates a term sheet and a license agreement for the rights to the materials.
     
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  • Commercialization - Once the deal is finalized, ORC manages all aspects of the partnership, including revenue distribution. Direct benefits of commercialization efforts for the creator include personal income, research support income and societal impact.

 

Notice of Authorship/Software

When you disclose a creative work to ORC, it begins the process that could result in the commercialization of your technology. The notice is filed with the ORC by completing the Notice of Software (for software) and Notice of Authorship for Creative Works. The notice is a confidential document that formally begins the technology commercialization process. Once the author/creator submits this form to ORC, a licensing manager is assigned to the technology and an evaluation of the technology will begin.

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Assessment

The licensing managers of ORC begin a review of the Notice of Authorship/Software known as the Assessment. During this review, the licensing manager will research and analyze the market and competing technologies to determine the commercialization potential of the creative work. At the end of this process, ORC will provide the inventor a SoCrates Assessment document detailing the licensing manager's findings. This document is the basis for deciding how to proceed with the creative work and determining who are the best potential licensees. One decision made during the assessment is a recommendation about whether to market the creative work on the SoCrates Express site, market the work directly to potential licensees or to do both. The SoCrates Assessment document is updated throughout the commercialization process.

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Marketing

Once the assessment is complete, the licensing team assembles a non-confidential summary and begins marketing the technology to potential licensees. Licensing managers use databases and industry contacts to identify the most appropriate people at candidate companies who have the expertise, resources and business networks to bring the technology to market. For works that are available via Express Licensing, the licensing manager creates a technology webpage for the SoCrates Express Licensing site. 

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Express License

Express licenses are for creative works available from the SoCrates Express Licensing Site. These predetermined licenses are simple, non-negotiated and nonexclusive. 

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SoCrates Express Licensing Website

The SoCrates Express Licensing Website is a specialized site for listing Creative Works available for express licensing. The site allows for an ecommerce-like process for selecting a creative work to license, selecting a license option, making payment and downloading the work for immediate use.

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Negotiated License

When a potential licensee expresses interest in a creative work, the licensing manager negotiates a term sheet and a license granting usage rights for the work. Unlike an express license, the terms of a negotiated license vary greatly for each creative work and licensee.

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