The brief explains the genesis of the Bayh-Dole Act, including the problems that it was intended to solve, and the basis for the Act's delicately balanced hierarchy, in which funded institutions hold first rights to inventions, followed by the government funding agency, with inventors deriving their rights from the funded institution or the government. The brief also outlines why the legislation establishing this system was so successful.
The Bayh-Dole Act has been hailed as one of the most inspired pieces of legislation, and has spawned thousands of successful products, companies, and jobs, in all technologies, across the US.
The Venable team included partners John Cooney, Michael Gollin, and associate David Conway. For additional information on this filing, please view our client alert, here.