Revision of Patent Policy

University Policy 301, Patent Policy, has been revised to:

• provide more user-friendly headings and organizational flow; 
• increase the percentage of net revenue payable to the inventor(s) to a flat 50% to encourage and support research and development activities; 
• authorize the Director of Technology Transfer to act independently of the Patent Committee in order to increase efficiency in straight-forward or routine matters and to allow the Director to process ownership claims during the Summer break when the Committee does not meet;
• clarify the bases upon which the University asserts ownership in employees’ inventions and the obligation to assign ownership to the University immediately upon invention as a condition of employment or enrollment; and
• clarify the limited bases upon which the University will claim ownership of student inventions.