Distribution of License Income
Distribution of all royalties and other income from intellectual properties owned by the University
shall take into account all direct expenses related to prosecuting and maintaining a patent,
including fees for outside legal counsel, which shall be reimbursed to the Office of Technology
Transfer from the gross receipts related to the invention. Remaining income (net receipts)
shall be distributed as follows:
| 1st $1000 (Gross Receipts) | Next $100,000 (Net Receipts) | Greater Than $101,000 (Net Receipts) | |
| Inventor(s) | 100% | 50% | 40% |
| Department(s) | n/a | 15% | 15% |
| School/College(s) | n/a | 5% | 5% |
| Invention Management Fund | n/a | 25% | 30% |
| Division of Research & Graduate Studies | n/a | 5% | 10% |
