Division of Net Royalty and Proceeds: Difference between revisions

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[[Human Resources]] | [[Safety/Security]] | [[Research Compliance]] | [[Compliance|Compliance]] | [[Privacy/Information Security]] | [[Business Operations]] | '''[[Intellectual Property]]'''
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width="20">[[Human Resources]]</td>
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width="20">[[Compliance]]</td>
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width="20">[[Privacy/Information Security]]</td>
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<td style="padding:0.5em; background-color:white; line-height:0.95em; border:solid 2px #A3B1BF; border-bottom:0; font-weight:bold;" width="20">[[Intellectual Property]]</td>
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[[Science/Technology Committee]] | [[Royalty/Equity Distribution]]
[[Science/Technology Committee]] | [[Royalty/Equity Distribution]]
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POLICY NO : '''7001'''<br />
POLICY NO : '''7001'''<br />
EFFECTIVE DATE: '''03/16/05'''<br />
EFFECTIVE DATE: '''03/16/05'''<br />
REVISED DATE: '''02/10/10'''<br />
REVISED DATE: '''02/10/10'''<br />
REVIEWED DATE: '''02/10/10'''<br /><br />
REVIEWED DATE: '''02/10/10'''<br /><br />


<big>'''Policy for Royalty and Equity Distribution'''</big>
<big>'''Policy for Royalty and Equity Distribution'''</big>
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As per RP-4.4.2 Board of Regents Patent and Technology Transfer Policy, the University of Nebraska Medical Center (UNMC) is responsible for allocating non-inventor technology transfer proceeds according to its individual campus policy. These non-inventor proceeds consist of two thirds of the royalties and equity received in return for use of University owned intellectual property rights. Furthermore, [http://www.nebraska.edu/board/RegentsPolicies.pdf Regents Policy] no longer requires that a share of proceeds be distributed to the academic/administrative units of inventors. In order to best utilize non-inventor proceeds and to serve the objectives of the Regents Policy, UNMC shall allocate non-inventor proceeds on a case by case basis as determined by the Committee for Proceed Distribution. Those academic/administrative units having a connection to proceeds at issue shall participate to provide the Committee with information addressing their support of the underlying technology.<br />
As per RP-4.4.2 Board of Regents Patent and Technology Transfer Policy, the University of Nebraska Medical Center (UNMC) is responsible for allocating non-inventor technology transfer proceeds according to its individual campus policy. These non-inventor proceeds consist of two thirds of the royalties and equity received in return for use of University owned intellectual property rights. Furthermore, [http://www.nebraska.edu/board/RegentsPolicies.pdf Regents Policy] no longer requires that a share of proceeds be distributed to the academic/administrative units of inventors. In order to best utilize non-inventor proceeds and to serve the objectives of the Regents Policy, UNMC shall allocate non-inventor proceeds on a case by case basis as determined by the Committee for Proceed Distribution. Those academic/administrative units having a connection to proceeds at issue shall participate to provide the Committee with information addressing their support of the underlying technology.<br />


== Membership ==
== Membership ==