If the TTO determines an invention lacks commercial promise, what letter might the university issue?
Answer
"No Action" letter
If the TTO concludes the invention does not warrant the financial investment for IP protection, the university may issue a "No Action" letter, potentially releasing the rights back to the inventor.
Related Questions
What term broadly describes the effort to bridge fundamental research and market-ready solutions?Which office serves as the institutional gatekeeper and primary interface for inventions within the university system?What formal document initiates the technology commercialization pipeline?Which attribute is NOT listed as a key assessment during the TTO's initial evaluation phase?If the TTO determines an invention lacks commercial promise, what letter might the university issue?Besides patenting, what other forms of intellectual property protection might be sought depending on the discovery's nature?What action by an inventor might trigger the U.S. one-year grace period related to public disclosure rules?Which payment structure guarantees the university minimum payments regardless of immediate sales volume under a license agreement?What is a primary requirement for the TTO to support the formation of a spin-off company?Beyond scientific knowledge, what core expertise must TTO professionals possess to structure effective deals?How is the ultimate success of university commercialization measured according to the text?