Michigan State University Board of Trustees Entertain You Productions Service Agreement April 2026
MSU Grants Exclusive Option to Ligol Technologies
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Description
Michigan State University approved an exclusive option agreement with Ligol Technologies, Inc. providing research and limited sales rights to several lignin-based polyurethane technologies in exchange for $2,000 in option fees over one year. The deal allows adjustments to included technologies so long as financial consideration and MSU personnel interests are unaffected.
Contract Details
Contract Amount
$2,000
Vendor
LIGOL TECHNOLOGIES INC
Agency
Michigan State University, MI
Contract Type
LICENSE
Document Date
April 10, 2026
Contract Term
One year from the date of execution of the option agreement
Renewal Info
Option period is one year from execution; the agreement is an exclusive option for a potential future license, and no explicit renewal or extension clauses are described.
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