Illinois Institute of Technology
The Illinois Institute of Technology has maintained its patent policy since 2000.
Summary
| Institution | Start | End | Flat | $0-10k | $10-50k | $50-100k | $100-300k | $300-500k | $0.5-1M | >$1M | Fee | Lab | More |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Illinois Institute of Technology | 2000 | 2017 | Yes | 0.50 | 0.50 | 0.50 | 0.50 | 0.50 | 0.50 | 0.50 | 0 | No | No |
Policy Excerpts
Current Policy
(a) Income derived from a work in which the university claims no copyright belongs to the author of the work.
(b) Income derived from a university-assigned work belongs to the university.
(c) If income is derived from a work developed with extensive use of university facilities, 50 percent of the net income shall be paid to the author of the work and 50 percent shall be retained by the university. The university reserves the right to deduct from gross royalty income, prior to any distribution, expenses properly attributable to the protection or marketing of the material. The author shall be reimbursed for any out-of-pocket expenses incurred in developing the work before the university retains any royalties.
(d) Income derived from a sponsor-supported work shall be distributed as provided in the agreement with the sponsor.
(e) The university may have reason to make other arrangements with members of the faculty and staff for the production of copyrightable materials. In such cases, an individual written agreement will be entered into and the provisions of that agreement will take precedence over the provisions of this policy.
