Florida Atlantic University
Florida Atlantic University has revised its patent policy twice since 1991.
Summary
| Institution | Start | End | Flat | $0-10k | $10-50k | $50-100k | $100-300k | $300-500k | $0.5-1M | >$1M | Fee | Lab | More |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Florida Atlantic University | 1997 | 2000 | No | 0.75 | 0.50 | 0.35 | 0.35 | 0.35 | 0.35 | 0.35 | 0 | Yes | No |
| Florida Atlantic University | 2001 | 2017 | No | 0.75 | 0.50 | 0.50 | 0.35 | 0.35 | 0.35 | 0.35 | 0 | Yes | No |
Policy Excerpts
2001 Policy
With regard to any Work or Invention owned by the University, Net Income, less any foreseeable Development Expenses OTT or FARC deems necessary to defend or maintain the Work or Invention, will be distributed as follows:
To Cap A: 100% to the Creator
From Cap A to Cap B: 50% to the Creator
Above Cap B: 35% to the Creator
Cap A is reached when a total of $5000 of Net Income has been distributed from a license, regardless of the number of Inventions or Works or Creators associated with such license. Cap B is reached when $100,000 has been distributed from a license, regardless of the number of Inventions or Works or Creators associated with such license.
1997 Policy
In cases where it has been determined by the standing committee that a discovery or invention is the property of the University, the written contract between the discoverer and the University will reflect a royalty distribution as follows: All expenses incurred by the University or its patent agent in securing a patent will be paid from proceeds prior to distribution of royalties. When the patent agent has title to an invention or patent and income results, it shall be shared, except where specified otherwise by the funding source, on the following basis:
Net Income Inventor University
$0 - $5,000 100% 0%
$5,001 - $50,000 50% 50%
$50,001 - Infinite 35% 65%*
10% of the University net income from royalties shall be provided to the inventor in the form of a special research account to be utilized for enhancing research and creative activities of the inventor.
