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University of Wisconsin-Milwaukee Research
Foundation –
Draft Patent License Agreement
Month ___, Year


To avoid any possible misunderstanding, neither UWMRF nor COMPANY (as defined herein)
shall have any obligation or liability of any nature to each other, unless and until the parties
execute and deliver a definitive written agreement providing for such obligations or liabilities,
and either party shall be free to terminate discussions at any time without obligation or
liability to the other. Furthermore, delivery of this draft license agreement is not an offer to
sell to any person, or a solicitation to any person to buy, securities of COMPANY.

Further, the terms and conditions of this draft license agreement shall be confidential
information and shall not be disclosed to any third party without the consent of the UWMRF,
except that the parties hereto may disclose the terms and conditions described in this draft
license agreement including its existence t