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When three undergraduate students in a senior design project in mechanical engineering and a mechanical engineering faculty member are joint inventors in an invention, who owns the invention?

April 26, 2017design Engineering faculty Joint mechanical project Senior students undergraduate

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When three undergraduate students in a senior design project in mechanical engineering and a mechanical engineering faculty member are joint inventors in an invention, who owns the invention?

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A. LSU owns the faculty member’s interest in the invention. The students will usually own their interests in the invention, but may find it advantageous to assign their rights to LSU in exchange for a share of royalties, if doing so is mutually agreeable to the students and to LSU.