Florida Atlantic University
We have located royalty-sharing policies for Florida Atlantic University dating back to at least 1997.
Contents
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
Current Royalty-Sharing Policy (Effective Aug. 16, 2001)
Florida Atlantic's royalty-sharing policy has remained consistent since 2001, although other aspects of its IP policy have changed. Here is the relevant policy language:
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 | From Cap A to Cap B | Above Cap B | |
|---|---|---|---|
| Creator | 100% | 50% | 35.0% |
| Creator's research use | 0% | 5% | 6.5% |
| Creator's Center | 0% | 5% | 6.5% |
| Creator's Department/Division | 0% | 5% | 6.5% |
| Creator's College | 0% | 5% | 6.5% |
| FAURC | 0% | 30% | 39.0% |
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.
Note that FAURC is the Florida Atlantic University Research Corporation, a nonprofit that serves as Florida Atlantic's licensing arm.
Pre-2001 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.
Note that the asterisk makes it somewhat ambiguous whether the 10% of university royalties provided for a research account only applies to all university net income or only university net income once total net income has exceeded $50k, but the former seems like the more natural interpretation, especially given the later policy.
