NJIT to consider non-exclusive IP licenses tied to PFASolve

Scope & details

The full contract record, as filed.

Contract type

LICENSE

Document type

Agenda

Source document

New Jersey Institute of Technology Board of Trustees Public Session Agenda 2026-07-16

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New Jersey Institute of Technology Board of Trustees Public Session Meeting Agenda Packet 2026-07-16

APPROVED

New Jersey Institute of Technology, New JerseyOne-time $1,000 per technology (total $7,000) plus 10% of all reasonable future patent costs deferred for three yearsJul 16, 2026

New Jersey Institute of Technology Board of Trustees Public Session Meeting Agenda Packet 2026-07-16

APPROVED

New Jersey Institute of Technology, New Jersey$10,000 up-front fee for year 1; $10,000 per contract year for years 2–4; $15,000 per contract year beginning in year 5; 3.5% royalty on net sales; matching 3.5% royalty on sublicensee net sales plus 7% of other sublicense consideration; payment of all patent costsJul 16, 2026

New Jersey Institute of Technology Board of Trustees Public Session Agenda 2026-07-16

PENDING

New Jersey Institute of Technology, New JerseyJul 16, 2026

NJIT Board of Trustees Public Session Meeting Agenda November 6 2025

APPROVED

New Jersey Institute of Technology, New Jersey$10,000 for the 1st year; $30,000 per year for years 2 and 3; $40,000 per year thereafter; 3.5% royalty on net sales; 7% on sublicense feesNov 6, 2025

NJIT Board of Trustees Public Session Meeting Agenda November 6 2025

APPROVED

New Jersey Institute of Technology, New JerseyUp-front licensing fee of $10,000 for 1st Contract Year; $30,000 per Contract Year for 2nd and 3rd Contract Years; $40,000 per Contract Year beginning with the 4th Contract Year and continuing thereafter; 3.5% royalty on Net Sales; 7% of other sublicense fees; PI to pay all reasonable patent prosecution and maintenance costsNov 6, 2025

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the license contract by New Jersey Institute of Technology?

Pfasolve Inc was awarded this license contract by New Jersey Institute of Technology, as recorded on July 16, 2026.

What type of contract is this?

This is a License contract, documented as a agenda record.

Where was this contract approved?

This contract appears in New Jersey Institute of Technology Board of Trustees Public Session Agenda 2026-07-16 (Agenda), dated July 16, 2026 from New Jersey Institute of Technology. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Pfasolve Inc hold?

Pfasolve Inc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is New Jersey Institute of Technology currently buying?

Explore New Jersey Institute of Technology's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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Scope & details

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Frequently asked questions

Who was awarded the license contract by New Jersey Institute of Technology?

What type of contract is this?

Where was this contract approved?

What other contracts does Pfasolve Inc hold?

What is New Jersey Institute of Technology currently buying?

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