A new policy for University of Oregon-approved licensees will affect more than 100 small companies.
A new policy for University of Oregon-approved licensees will affect more than 100 small companies.
Starting in summer of 2014, new licensees must guarantee the university at least $500,000 a year in royalties, which would mean a minimum of $5 million in wholesale sales to retailers.
It’s an unattainable target for all except the largest national apparel players. But a UO official says the new policy will be better for the taxpayers and students the public university represents, even if it’s painful for small apparel providers and perhaps even retailers.
Read more at OregonLive.com.
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