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Industry Sponsored Project Agreement [PDF]
Lawrence Tech has developed a master agreement to assist academic departments in administering industry-sponsored projects in which students are involved.
Faculty members should refer to “The Researcher Guidebook,” published by the University-Industry Demonstration Partnership at Georgia Tech for best practices in industry-academic partnerships.
Industry Sponsored Capstone Project (INSTRUCTION) |
Sponsored Research (RESEARCH) |
|---|---|
Education-FocusedSponsors and faculty share a mutual interest in providing practical experience to students in accordance with LTU’s motto of Theory + Practice. |
Research-FocusedSponsors seek faculty to perform research that is of mutual interest and benefit. Students may also receive valuable research experience. |
Course Credit for StudentsDelivered and embedded in Coursework. Student receives course credit for project completion. Students are unpaid. |
Stipend or Hourly Pay for StudentsDelivered outside of Coursework. Students are paid a stipend or hourly wage for work on Sponsored Research Agreement. |
Concurrent with Academic CalendarStudent project work runs concurrently with the academic calendar and requirements for Capstone Courses. |
Independent of Academic CalendarResearch projects are independent of academic terms, period of performance is determined by the agreed scope of work. |
Master Agreement with No End DateMaster Agreement terms govern ALL forward-going work with a sponsor for student projects. This is convenient for on-going work with a Sponsor covering multiple academic periods and projects. A Project Agreement outlines a performance period for the specific project. |
Agreement for Specific Performance PeriodResearch Agreement is specific to the scope of work and time period. However, agreements may be extended by mutual agreement either for no-additional cost, for additional cost, or for a modified Scope of Work. |
Fee or Sponsorship = Fixed Amount + Materials and supplies as necessaryThe project budget is a fixed fee for each semester. A project can be one-semester long or multiple semesters. If needed, additional coverage for direct supplies & materials may be requested. |
Budget = Direct Cost + Indirect Cost or a Fixed Price for PerformanceThe project budget includes reimbursement for direct cost + indirect cost recovery allocated to faculty, college, research, and university. The budget may also be a fixed price for deliverables or performance. |
Intellectual Property Owned by SponsorIntellectual property produced as a direct result of the project is owned by the Sponsor, subject to LTU’s right to use for 1-year for internal, non-commercial purposes. |
Intellectual Property Jointly OwnedIntellectual property produced as a direct result of the research is jointly owned as the default agreement condition. IP terms are subject to negotiation as fitting the circumstances. |
Publication may be delayed up to sixty (60) days for patent filing by SponsorNotification to sponsor 30 days in advance required. Thirty-day period of review for proprietary matter and request for its removal. Additional 60 days to file a patent. |
Publication may be delayed up to thirty (30) days for patent filing by SponsorNotification to sponsor 30 days in advance required. Thirty-day period of review for patentable matter. Additional 30 days to file a patent. |
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