Graduate Catalog > University Policies > Research Activity and Intellectual Property > Appendix M - Intellectual Property Policy > VIII. Evaluation of University Rights

VIII. Evaluation of University Rights

A. Time for Review

Inventors and Authors shall receive written final evaluations of their Invention and Copyright Disclosures within six months of the date of formal submission to the supervising vice president or senior officer designated by the President. Such period of time is provided to insure that adequate review and consideration is given to patentability and the identification of potential corporate sponsors. If upon final review it is determined that the disclosure will not be patented, licensed or otherwise commercialized by the University, then the supervising vice president or senior officer designated by the President, with approval of the Intellectual Property Review Board, shall cause ownership rights to be waived by the University but shall remain subject to the rights of the federal government relative to any grant or SRA covering the work of the Inventor or Author. At any time during the review period, the supervising vice president or senior officer designated by the President may retain control over a disclosure for an additional six months upon written notice to the Inventor or Author.

B. Royalties of University upon University Waiver of Rights

Should the University have contributed extraordinary resources to the support of the work in which the Intellectual Property was developed, the Intellectual Property Review Board may require, as a condition of the waiver, that Inventors and Authors grant back to the University ten percent (10%) of the annual Royalties they receive as the result of any license or sale of said Invention or copyrightable work.