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Funds received from the sale of intellectual property shall be allocated by proportion of ownership and expended as determined solely and independently by the owner(s).
Questions or disputes regarding the interpretation of this policy shall be mediated by a mutually agreed upon third party.
Responsible Party
Responsibility for this policy lies with the provost.
Policy Review
This policy is to be reviewed every five years.
Distribution
This policy is distributed via the Faculty/Staff Handbook.
Approved by University Forum, December 14, 2001
Approved by President’s Cabinet, December 17, 2001
Approved by Board of Trustees, March 23, 2002
Reaffirmed by President’s Cabinet, January 12, 2005 and January 10, 2007 with slight revision in 2007
Revised and approved by Faculty Assembly, April 14, 2008, Approved by President’s Cabinet, May 7, 2008