IOWA STATE UNIVERSITY

Iowa State University Research Foundation, Inc.

310 Laboratory of Mechanics Telephone: 515-294-4740
Ames, Iowa 50011-2131 FAX: 515-294-0778

U. S. A.

ISURF PATENT ROYALTY DISTRIBUTION POLICY

 

1.      All expenses directly related to the patent/license will be paid.

 

2.      ISURF will retain 15% of the gross royalties on each patent to cover the general administrative costs incurred by the office.

 

3.      ISURF will pay the inventor(s) 1/3 of the net royalties:

Net royalties = [gross royalties (costs + 15% gross royalties)].

 

4.      The college (or equivalent unit) that generated the patent will receive up to 1/3 of the net royalties generated on a patent.

 

5.      Any debts to the university will be paid before funds are invested or returned to the university for other purposes.

 

6.      Payments will be made annually by September 1 following the fiscal year ending June 30.

 

 

 

 


Item 4 amended and approved by the ISURF Board of Directors on June

12, 2000 and effective July 1, 2000

Items 1-5 approved by the ISURF Board of Directors on March 10, 1992

Item 6 approved by the ISURF Board of Directors on September 20, 1991