Old Policy Distribution
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New IP Policy
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New IP Policy
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Unless otherwise agreed, earnings derived from the commercialisation of IP that has been created by a staff member or student, but the ownership of which vests in the University, shall be allocated as follows: |
Gross income up to |
Gross income in excess of |
Step 1
12 % |
Step 1
25 % |
Step 1 All direct costs relating to the process of protection and the process of commercialisation and other costs agreed to be recoverable may be recovered by the parties who incurred such direct costs. |
Step 2
All direct costs relating to the process of protection and the process of commercialisation and other costs agreed
The balance of the income after the above steps 1 and 2 have been implemented, is |
Step 2
All direct costs relating to the process of protection and the process of commercialisation and other costs agreed to be recoverable may be recovered from the gross income by the parties who incurred |
Step 2
The “second tier net” of income shall be allocated as follows: |
Step 3
50% |
Step 3
First Tier Net Income |
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Step 4
25% net income allocated pro rata as follows: |
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Step 5
25% |