Press Release

Cooley Contributes to US-BOLT Climate Term Sheet

April 25, 2024

Boston – April 25, 2024 – Cooley advised on the development of the University Startup Basic-Out-Licensing (US-BOLT) climate term sheet, a new, open source climate and clean energy model term sheet providing best practices and reasonable approaches to technology transfer negotiations. As part of the Biden administration’s commitment to unleashing a clean energy boom through President Joe Biden’s Investing in America agenda and Earth Week announcements, the US-BOLT climate term sheet is nonbinding and serves as a representative template that investors and academic institutions may use to streamline negotiations for launching climate-related startups. Cooley collaborated with 14 universities, venture capital organizations and law firms on the term sheet’s development.

Learn more about the US-BOLT climate term sheet

The White House celebrated the launch of US-BOLT during an open roundtable on commercializing climate and clean energy technologies on April 24, 2024.

About Cooley LLP

Clients partner with Cooley on transformative deals, complex IP and regulatory matters, and high-stakes litigation, where innovation meets the law.

Cooley has 1,300+ lawyers across 19 offices in the United States, Asia and Europe, and a total workforce of more than 3,000.

This content is provided for general informational purposes only, and your access or use of the content does not create an attorney-client relationship between you or your organization and Cooley LLP, Cooley (UK) LLP, or any other affiliated practice or entity (collectively referred to as “Cooley”). By accessing this content, you agree that the information provided does not constitute legal or other professional advice. This content is not a substitute for obtaining legal advice from a qualified attorney licensed in your jurisdiction and you should not act or refrain from acting based on this content. This content may be changed without notice. It is not guaranteed to be complete, correct or up to date, and it may not reflect the most current legal developments. Prior results do not guarantee a similar outcome. Do not send any confidential information to Cooley, as we do not have any duty to keep any information you provide to us confidential. This content may be considered Attorney Advertising and is subject to our legal notices.