R2002-79 AUTHORIZING AGREEMENT - Laserfiche WebLink

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Sponsor shall not use the name of the University(except in an acknowledgement of sponsorship i of this Agreement) in publications, advertising, or for any other commercial purpose without the prior written approval of the University. The Sponsor shall not state or imply in any publication, advertisement, or other medium that any product or service bearing any of the Sponsor's names or trademarks, and manufactured, sold, or distributed by Sponsor,has been tested, approved, or endorsed by the University. 6. FINAL REPORT. Within ninety(90)days following termination of this Agreement,University will furnish to Sponsar a final technical report summarizing the work performed and the results thereof. 7. INVENTION RIGHTS. The University shall own all inventions, discoveries, and other developments arising from this work. The University shall disclose potentially patentable inventions to Sponsor, provided that Sponsor shall hold all such disclosures in confidence and shall not further disclose or use same in ways not previously approved in writing by the University. The University hereby grants the Sponsar first option to negotiate in good faith a license on commercially reasonable terms on each invention developed under this Agreement for which patent application is made by or on behalf of the University. This option to negotiate shall extend far a period of three(3)months following disclosure of the invention to the Sponsor. This option is granted at no additional cost to Sponsor beyond the funding of this investigation. 8. RELATIONSHIP OF PARTIES. The University shall have sole control over the work performed under this Agreement. The University's relationship to the Sponsor under this Agreement shall be that of independent contractor and not as an agent,joint venturer, or partner of Sponsor. 9. COST OF RESEARCH. Sponsar agrees to pay the University the fixed sum of$12,000 for the performance of the work. The budget will be designed to provide funds to the University to reimburse direct costs and facilities and administrative(indirect)costs of conducting the work. Facilities and administrative costs will be assessed at the applicable rate(s) in effect at the time direct costs are incurred. Payment will be made upon execution of the agreement. Payments due from Sponsor will reference this Agreement,will be in U.S. currency,will be due and payable upon submission of invoice, and will be remitted through one of the following payment options. OPTION A--By check: Payments remitted by check will be payable to the "University of Illinois" and mailed to: University of Illinois(Payee) Univ of Il at Urbana-Champaign-Grants & Contracts PO Box 4610 Springfield, IL 62708-4610 U.S.A. I OPTION B --Bv ACH(Automated Clearin�HouseZ Payments remitted by ACH will be sent to Illinois' bank account as specified below: Financial Institution: Bank One,Illinois,N.A. Address: East Old State Capitol Plaza P.O. Box 19266 Springfield, Illinois 62794-9266 USA Nine Digit Routing Transit Number: 071100269