Table 1.

Different types of contractual arrangements to develop an AIP.

Partnership type	Key elements	Strengths	Weaknesses
Sponsored Research Agreement (SRA)	Specified research	Variable funding sources possible	Ownership of resultant IP may become an issue
	Specified timeframe	Contractual customization for deliverables
		Widely understood	Incentives may not align completely
Technology Transfer Agreement (TTA)	Facilitates transfer of existing (and future) IP to potential commercial venture	Specifies what IP is involved, protecting rights of developers	Does not cover funding of commercial venture
		Categorizes type of transfer (license, sale, etc.)	Reward on IP may be limited by commercial success or failure due to other factors
Consulting Agreement	Specific individual services retained	Contract specifies nature of services, term and incentives	University may only be a bystander to these agreements

IP = intellectual property.