One might also be concerned about
--clarification re ownership of intellectual property (patents, licensing, and
publishing)
--what, if any, confidentiality agreements are needed, for whom, and who is
signing?
--is "project staff" entirely the University's employees, or is the company
sending their own folks;  if the latter, will they abide by the University's
requirements, such as occupational safety, how are they covered for liability
purposes, and is it all in black and white somewhere?  Exactly what is their
status?
--will the fee structure stand up to audit?  are ALL costs included?
--does the fee structure cover additional costs, such as committee review for
biosafety concerns, or disposal of biological or radioactive wastes?  Are
those aspects well under University control?  And/or, do you want the
increased volume or liability?
--does the fee-based activity tie up resources that are more appropriate for
use in other activities of the University (undergraduate teaching, graduate
and post-doc training, fully-publishable research...) and the fee-based
activity takes precedence only because of the financial gain?  Is the activity
defenseable, in terms of University mission of teaching, research, service, in
terms of unique test facilties, or ?  Does it stand up to the "Monday morning
headlines" test?
--UBIT considerations, unfair competition
--check carefully for conflict of interest considerations.  Often faculty have
"connections" with the incoming company, and it is good to have those fully
disclosed and remediated if necessary.

//Celia Walker
Director, Regulatory Compliance
Colorado State University
970/491-1563   FAX:  970/491-1958
xxxxxx@vines.colostate.edu