How are license revenues distributed?
The Office of Technology Licensing is responsible for managing the expenses and revenues associated with license agreements. Pursuant to the Intellectual Property Policy, revenues from license fees, royalties and equity – minus any unreimbursed patenting and file expenses – are shared with the inventor/creator. The inventor/creator receives forty percent of license income net of out-of-pocket and contractual expenses related to the intellectual property, including but not limited to legal expenses. The inventor’s/creator’s department or unit receives a share of license income, a portion of which is allocated for the direct support of the inventor’s/creator’s research and scholarly activities. A description of how license income is distributed can be found in the Intellectual Property Policy section.
