A CRADA is a collaborative agreement that allows the Federal Government and non-federal partners to optimize their resources, share technical expertise in a protected environment, access intellectual property emerging from the effort, and advance the commercialization of federally developed technologies. Industry partner(s) must provide research funds or in-kind contributions which may include personnel, services, facilities, equipment, intellectual property or other resources. The Laboratory may provide personnel, services, facilities, equipment, intellectual property or other resources. While, the Laboratory may also provide funds to support the CRADA activities, the Laboratory does not provide funds directly to the partner. Each party retains title to its own inventions. An option to negotiate an exclusive license to the Laboratory’s CRADA inventions in a specified field of use is typically granted to the industry partner; any resulting license will be granted in exchange for reasonable compensation. CRADA-generated information that is not patentable may be kept confidential for up to 5 years. The CRADA Participant indemnifies the Government and the Contractor operating the Laboratory (Princeton University) for product liability and the Government and the Contractor disclaim all warranties to work performed under a CRADA. An Advance Payment is required before work can begin. This requirement was recently reduced from 90 to 60 days. Advance payment requirements may be waived for state and local governments that have a constitutional prohibition.