Michigan State University Board of Trustees | State of Michigan Awards License Contract to Exact H2o LLC (October 2026)
Michigan State University Board of Trustees | State of MichiganState · East Lansing, MI- Disclosed value
- Upfront fee of $12,000-$20,000; royalty of 4%-6%; sublicense revenue sharing; annual minimum payments; patent expense reimbursements if patent rights are included
- From staffreport
- Approved
- Oct 30, 2026
The 30-second brief
Michigan State University approved an exclusive license agreement with Exact H2O, LLC for two automatic irrigation technologies used in agricultural water and agrochemical management. The agreement includes a $12,000-$20,000 upfront fee, 4%-6% royalties, sublicense revenue sharing, annual minimum payments, and potential patent expense reimbursements.
Exact H2o LLC holds this license contract with Michigan State University Board of Trustees | State of Michigan.
Term as filed: Date of agreement execution until expiration or termination of all rights of the intellectual property.
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Contract details
- Contract type
- License
- Amount
- Upfront fee of $12,000-$20,000; royalty of 4%-6%; sublicense revenue sharing; annual minimum payments; patent expense reimbursements if patent rights are included
- Document date
- October 30, 2026
- Term
- Date of agreement execution until expiration or termination of all rights of the intellectual property
- Vendor
- Exact H2o LLC
- Source document
- Michigan State University StaffReport Board of Trustees Executive Action Summaries 2026-10-30 (StaffReport)
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Questions about this contract
Who was awarded the license contract by Michigan State University Board of Trustees | State of Michigan?
Exact H2o LLC was awarded this license contract by Michigan State University Board of Trustees | State of Michigan, as recorded on October 30, 2026. The contract value is Upfront fee of $12,000-$20,000; royalty of 4%-6%; sublicense revenue sharing; annual minimum payments; patent expense reimbursements if patent rights are included.
How much is the Exact H2o LLC contract with Michigan State University Board of Trustees | State of Michigan worth?
The Exact H2o LLC contract with Michigan State University Board of Trustees | State of Michigan is valued at Upfront fee of $12,000-$20,000; royalty of 4%-6%; sublicense revenue sharing; annual minimum payments; patent expense reimbursements if patent rights are included, covering license work.
What type of contract is this?
This is a License contract, documented as a staffreport record.
Where was this contract approved?
This contract appears in Michigan State University StaffReport Board of Trustees Executive Action Summaries 2026-10-30 (StaffReport), dated October 30, 2026 from Michigan State University Board of Trustees | State of Michigan. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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