NSU University School Faculty, Staff and Employee Handbook

88 B. At the request of the University, any Staff Member who conceives or creates an Invention in which the University has an ownership interest will execute any documents required to make application for patents in the United States and abroad, and for assignment of such patent applications or patents to the University or its designee. The expense of the patent proceedings undertaken by the University pursuant to this Policy is to be paid by the University or by its assignee, subject to reimbursement as provided for herein. DISPOSAL OF RIGHTS A. The University may dispose of its rights to any Invention as it determines in its sole discretion, including, but not limited to: 1. Selling, licensing, assigning, transferring or otherwise exploiting such rights. 2. Utilizing such rights for public use, if principles of charity or public policy in the determination of the University so demand. 3. Releasing such rights to the Staff Member, provided he/she repays expenses already incurred by the University or its assignee. 4. Including such rights in a research contract with a third party under which the rights are, either in advance or subsequently, assigned, licensed or otherwise transferred to a third party. SHARING OF NET INCOME A. For any Invention in which the University has an ownership interest, the University and the Staff member will each share fifty percent (50%) percent of the Net Income there from unless otherwise provided in written agreements entered into between the Staff Member and the University. The University will have the option of choosing the marketing forum and format. B. In all cases in which the University has an ownership interest in an Invention as provided for herein, and either does not file a patent application within one year from its receipt of written disclosure of the Invention or fails to make a determination regarding its intent to pursue a patent within a period three (3) months from the date of receipt of such disclosure, all of the University's rights will be reassigned to the Staff Member upon written request, subject only to such Sponsor restrictions which may apply, unless the University proceeds within twenty (20) working days following receipt of the written request by the Staff Member to begin the process of completing the documents required to file a patent. STAFF MEMBER COOPERATION