Voluntary Transfer of Private Invention to University and Royalty Sharing. A purely private invention, developed by a University employee independently of any contractual obligations and without any cost to the University or an outside sponsoring organization, may be voluntarily offered to the PCC for the purposes of patenting, development and exploitation as if it were an invention in which the University had an interest. If such offer is accepted by the PCC, the inventor shall assign his rights to the University or the RCUH and shall receive SEVENTY-FIVE PERCENT (75%) of the net royalties (being gross receipts less costs), if any, derived from the exploitation of the patent.
Appears in 6 contracts
Samples: Sick Leave Policy, Collective Bargaining Agreement, Collective Bargaining Agreement
