|
|
|
|
 |
 |
|
|
 |
||||
|
|
 |
||
|
||||
|
Attachment to UNLV Intellectual Property Policy Procedure for Determination of Net Royalty When gross revenues are received in payment under a patent or copyright license or from the sales of copyrighted materials, the net royalties to be distributed to individuals and units are determined as follows. Royalty Distribution Agreement Costs directly attributable to protecting, producing, and marketing intellectual property must be determined and agreed to prior to any distributions of funds. A Royalty Distribution Agreement (RDA) shall be prepared by OSP. The RDA shall itemize attributable costs and the method(s) of payment to the institution and shall be signed by the primary inventor/author and the Intellectual Property Officer or his/her designee. Attributable Costs Costs that shall be deducted from gross revenues are those expended by the university units or third parties as seed funds or venture capital. The following are typical examples of these costs:
Methods Agreed-upon costs may be deducted either up-front or prorated over a period of time. Too, deductions may be made as payments are received, or payments may be accumulated over a period of time. Under the second option deductions and distributions of net royalties are made according to a schedule. Administrative costs are recovered at the rate of five percent (5%) of accumulated gross royalties received in excess of $10,000. In other words, the first $10,000 of gross royalties received under any RDA shall be exempt from the administrative fee. Funds deducted from gross royalties shall be distributed to appropriate university accounts, as stipulated in the Royalty Distribution Agreement. return to top |
ABOUT RESEARCH Return to About main page |
|||
 |
||||
| © 2007 University of Nevada, Las Vegas |
 |
