RES-1130 Intellectual Property: Commercialization

Description	Consists of records documenting efforts to commercialize technologies developed in research conducted at the University. Includes tracking sheet, significant correspondence, significant drafts of agreements (including non-disclosure, confidentiality, memorandum of understanding, option or license agreements), and tracking of any revenue resulting from commercialization.  Final executed agreements created by this process are subject to: CMP-0300 Contracts and Agreements
Retention Trigger	End of commercialization efforts
Retention	Trigger + 7 years
Responsible Unit(s)	Research Services
Source	3rd party
Records System
Citations
Record Authority	VP Research Innovation and International
Disposition	Secure destruction
Records Arising from Activity	Agreements, Agreement drafts
Retention Rationale	Records documenting commercialization efforts can inform decisions regarding whether to pursue patent applications. Commercialization efforts may result in financial transaction which must be retained for at least 7 years.
Personal Information	No
Vital Record	No
Protection	Medium