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Royalty Distribution
Regarding the income received by the University from a University-owned inventions, discoveries, copyrighted works and other creative works, a new distribution policy is approved by the Board of Trustees of the University of Illinois on September 3, 1998 as follows (Ref. Article III.8.b).
(b) Revenue Distribution. When revenue is received by the University, all out-of-pocket payments or obligations (and in some cases, a reasonable reserve for anticipated future expenses) attributable to protecting (including defense against infringement or enforcement actions), marketing, licensing or administering the property may be deducted from such income. The income remaining after such deductions is defined as net revenue:
- Creator's share. The creator
(or creator's heirs, successors, and assigns) normally shall receive
forty percent (40%) of net revenue. If there are joint
creators, the net income shall be divided equally among them absent
a mutual agreement to the contrary.
- Originating Unit's Share. The originating unit normally shall receive
twenty percent (20%) of net revenue. If a creator is affiliated with
more than one originating unit, or if there are joint creators from different
units,
the originating units share shall be divided among such units as agreed
in writing by the responsible unit executive officers.
- University's Share. The University normally shall receive forty percent
(40%) of net revenue. Distribution of the University's share shall
be allocated in support of its technology transfer activities and academic
and research
programs, as determined by the vice chancellor for research.
Note: In cases where several inventions are licensed under a single licensing agreement, the University shall determine and designate the share of net income to be assigned to each invention. This principle applies also to the University-owned discoveries, copyrighted works and other creative works.
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