Bayh-Dole Act
/ˈbeɪ dō ˈækt/
Definitions
- (n.) A U.S. federal statute (1980) allowing universities, small businesses, and non-profits to retain intellectual property rights from federally funded research.
The Bayh-Dole Act encourages innovation by enabling institutions to patent discoveries made with federal funding.
Forms
- bayh-dole act
- bayh-dole acts
Related terms
See also
Commentary
The Act is pivotal in technology commercialization from public research; drafters should specify federal funding conditions when referencing patent rights transfer.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.