MSU Seeks Exclusive License Deal With Coincident Systems

Montana State University seeks Board of Regents approval for an exclusive 25-year license agreement with Coincident Systems LLC to commercialize the SAFE TRAILS SANE Dispatch Coordination Module and the Kairos Routing and Optimization Engine. The deal grants MSU 10% equity, sublicensing royalties, and reimbursement of patent expenses in exchange for licensing rights to the university-developed technology.

Scope & details

The full contract record, as filed.

Contract amount

10% equity in Coincident Systems LLC; reimbursement of all patent expenses; sublicensing royalties; dividends or exit-event payouts (amount undetermined)

Contract type

LICENSE

Contract term

25 years from the date of execution of the license agreement

Renewal

Initial license term is 25 years from execution; termination permitted by MSU for nonpayment of equity license fee or other payments, missed diligence milestones, material breach, certain legal violations, cessation of development, legal challenges to licensed patents, or failure to maintain required insurance. Renewal or extension beyond the 25-year term is not specified in the provided text.

Document type

Agreement

Source document

Montana Board of Regents Agreement University System/Employee Intellectual Property Joint Participation 2026-07-26

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Montana Board of Regents of Higher Education Resolution Request for Approval of University System/Employee Intellectual Property Joint Participation 2026-07-26

APPROVED

Montana University System Board of Regents, MontanaJul 26, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the license contract by Montana University System Board of Regents?

Coincident Systems Llc was awarded this license contract by Montana University System Board of Regents, as recorded on July 26, 2026. The contract value is 10% equity in Coincident Systems LLC; reimbursement of all patent expenses; sublicensing royalties; dividends or exit-event payouts (amount undetermined).

How much is the Coincident Systems Llc contract with Montana University System Board of Regents worth?

The Coincident Systems Llc contract with Montana University System Board of Regents is valued at 10% equity in Coincident Systems LLC; reimbursement of all patent expenses; sublicensing royalties; dividends or exit-event payouts (amount undetermined), covering license work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Montana Board of Regents Agreement University System/Employee Intellectual Property Joint Participation 2026-07-26 (Agreement), dated July 26, 2026 from Montana University System Board of Regents. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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