Once you've discussed the company's feasibility and have decided to move forward, the next step is to prepare a business plan describing the company's business model. Although a standstill period is not required, companies often will enter into a standstill agreement with WARF to gain additional time to evaluate the commercial potential of the technology and develop a full business plan. During the standstill period, which normally lasts six months, WARF agrees to keep the technology available for potential licensing to your new company.
Please note that the standstill period is not meant to provide time for your company to develop a product. Instead, the standstill gives you time to further evaluate the market potential for your product.
At the end of the standstill period, if you are interested in negotiating agreements with WARF, your company must provide a business plan and a completed start-up company application to your licensing manager. If an acceptable business plan is not received, WARF reserves the right to deny your company a license.
View WARF's Standstill Agreement and Application
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