FACULTY HANDBOOK July 2009 - Morgan State University

PAGE 157 * Morgan State University Faculty Handbookwith the inventor, will be dedicated research and to the promotion of patenting andpatents. If practicable, eighty-five percent of the University‘s share of new revenue fromeach invention will be designated for research in the inventor’s department or unit up to$100,000 in a fiscal year. The President, or designee shall devote the remaining part ofthe net revenue to research and the promotion of patenting and patents as directed.C. If use of such funds for research within the inventor’s department or analogous unit isnot practicable or for an amount in excess of $100,000 per fiscal year, the President mayallocate funds for other use within the institution.VII.ADMINISTRATIONA. The Intellectual Property Committee consists of the Vice President for Academic Affairsor designee as an ex officio member and chair and no more than fourteen other membersselected and appointed by the President. Members are appointed for three-year termswith non-concurrent expiration dates and may serve successive terms.B. The Intellectual Property Committee convenes at the call of the Vice President ordesignee, who determines when, implementation or interpretation of the UniversityPatent Policy requires consideration by the Committee. Among the matters, which maybe referred to the Committee for recommendation to the Committee, are: whether theUniversity has an interest in an invention; questions not covered by policy; and whethersome part of the policy should be waived.C. When the Committee is considering a particular invention, the inventor and/or theinventor’s representative may examine all materials submitted to the Committee, maymake written and oral presentations to the Committee, and may be present during oralpresentation of others.D. The evaluation of inventions and discoveries and the administration, development andprocessing of patents involves substantial time and expense and requires talents andexperience not ordinarily found in University staff. Therefore, the University may enterinto a contract with third parties in connection with the administration of identifiedinventions, disclosures of invention, and developed patents.E. Disputes on patent matters, including the interpretation of this Patent Policy, shall bereferred for resolution to the President or designee.VIII.SPECIAL CASESThe University recognizes that a special case may arise which is not specifically coveredby this Policy or which may justify waiver of this Policy. Only the President or designeehas authority to waive the provisions of this Policy.Approved by the Board of Regents 3/20/1996