Commercialization of an Invention by Independent Action. 16.6.1 If an Inventor elects to protect or commercialize an Invention without PARTEQ and if PARTEQ was a suitable vehicle for commercialization of the Invention, the Inventor shall pay the University, in lieu of costs, twenty-five (25) percent of any net proceeds of commercialization of the Invention exceeding five hundred thousand dollars ($500,000.00).
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Samples: Collective Agreement, Collective Agreement, Collective Agreement
