The University provides an incentive to Inventor(s) by distributing revenue generated from the commercialisation of the Intellectual Property.

The expression ‘Net income’ shall mean all license fees, royalties and any other monies received by the University, arising from the commercialisation of Intellectual Property less all the expenses incurred in connection with the protection and commercialisation of the Intellectual Property at the University.

The principle of sharing revenues should be defined by the University, taking into account all the stakeholders with whom the university’s income shall be shared, as well as general economic factors. It is a general principle that the University’s share increases as the net income increases. The share of revenues from net income shall be shared equally between the Inventor and the University.

In cases where there is more than one Inventor, the Inventor’s share is divided between the Inventors in a proportion which reflects their respective contributions as provided in the signed Invention Disclosure Form.

In certain cases, the University reserves its right to negotiate special terms concerning revenue distribution, in particular when income is generated through sale of shares or payment of the dividend of shares in cases where shares have been allocated to the University in an entity to which the Intellectual Property is licensed or assigned but which is not a spin-off enterprise.

In the case of establishing a spin-off enterprise, an individual agreement between the University and the Inventor(s) shall be applicable regarding the share of equity. The conditions of the agreement shall be negotiated on a case-by-case basis having due regard to the contribution of the Inventors to any further development and the exploitation beyond the creation of Intellectual Property and to any funding provided by the Inventor(s), the University or any third parties acquiring a share of equity in the new enterprise. The decision concerning the conditions of a spin-off establishment shall be taken by the person or Unit designated by the University on behalf of the University.

In case of exploitation of trademarks and other indicators, the Inventor(s), taking into consideration the proportion of their contribution to the exploitation, may benefit from the revenue as set forth in an individual agreement. The person or Unit designated by the University shall decide on such issues on a case-by case basis.