If I have an interest in a private company that is based on intellectual property owned by ASU that I developed as an ASU employee, may I share in the licensing income received by ASU?
If an ASU employee owns a substantial interest in a private company that licenses intellectual property from ASU and that intellectual property was developed by that ASU employee, then that ASU employee may not share in the “inventor share” of any equity received by the university as consideration unless otherwise agreed to in writing prior to the licensing agreement. AzTE considers an equity holding in excess of two percent of the outstanding equity of the company to be a substantial interest, which is determined at the time Arizona Board of Regent (ABOR) approves of the ASU employees’ relationship with the private company.
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