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Omnivis Inc.

Review/Advise on IP License Terms

Summary:

Assist a social impact organization that has created a handheld device to detect foodborne pathogens by reviewing/advising on the terms of an exclusive IP license.

Referred by:

Jurisdiction(s): U.S.
About the Organization: OmniVis makes handheld devices that detect for foodborne pathogens in under 30 minutes. By targeting food processors, they can detect bad bacteria early to prevent recalls and hold times associated with contamination.
Legal Entity Type: For-profit
SDG(s): Partnerships to achieve the Goals, Zero Hunger
Legal Issue(s):

OmniVis is considering dissolving their organization. They currently have an exclusive license with Purdue University for certain IP. The OmniVis team is seeking assistance reviewing the terms, to understand what is involved in ending the license, and whether they will need to make any payments. They would like to receive this guidance before June 24th.