Common use of Distribution of Income Clause in Contracts

Distribution of Income. (1) Net income from any invention or discovery that is licensed to a third party will be shared by the University and the inventor(s). Forty percent (40%) of the net income will belong to the inventor(s) or the heirs and legatees of the inventor(s). The remaining sixty percent (60%) of the net income will belong to the University and will be distributed accordingly: Inventor(s) research account 10% Inventor(s) college 5% Inventor(s) department 5% Office of Research/CSURC 40%

Distribution of Income. (1) Net income from any invention or discovery that is licensed to a third party will be shared by the University and the inventor(s). Forty percent (40%) of the net income will belong to the inventor(s) or the heirs and legatees of the inventor(s). The remaining sixty percent (60%) of the net income will belong to the University and will be distributed accordingly: Inventor(s) research account 10% Inventor(s) college college… 5% Inventor(s) department 5% Office of Research/CSURC 40%