Whether you are the sponsor or the organizer, find out how to prepare a sponsorship agreement so that your business is properly protected. Harvard also offers option agreements for companies considering licensing a Harvard technology. An option agreement allows a company to “retain” a technology for a short period of time, during which time the company can continue to assess its potential or raise funds for product development without binding on the obligations of a licensing agreement or Harvard. Options typically have a term of six months to one year and typically require both a pre-fee and a refund of the patent application for the duration of the option. If you wish to use another person`s or company`s copyrighted material or if you wish to allow another person to use your material for a period of time, a written copyright license agreement your agreement. Create a copyright license agreement that outlines how copyright can be used, how long, and if applicable, royalties. II. RIGHTS AND OBLIGATIONS. . . .