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Patent Policy
Name of Policy
Patent Policy
Policy Number
V. 4
Owners
Research
Original Policy Date
21/05/2015
Cosigners
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Last Revised Date
19/03/2019
Other Related Regulatory Rules Laws & Policies Next Scheduled review Date
_______________________
Associated Procedures & Forms (Attachments)
_______________________
Versioning
_______________________
Cycle of Reviews
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Purpose

To declare PMU’s general guidelines for Intellectual Property (IP) identification, protection and licensing.


Statement

Intellectual property may include (but is not limited to) any invention, discovery, trade secret, technology, scientific or technological development, computer software, or other form of expression that is in a tangible form, regardless of whether subject to protection by patent, trademark or copyright laws, or as a trade secret related to “know how” in applying technology.

The university encourages participation by faculty in scholarly and creative and research activities, particularly those activities that enhance the fulfilment of their faculty responsibilities and serve the public welfare. While research conducted by university faculty members is aimed primarily at discovery and dissemination of knowledge rather than gains from commercial application, it is recognized that questions regarding IP rights may arise from such activities.

It is the intent of this policy to balance the interests of the university and the inventor, author, or creator of IP arising from scholarly and creative and research activities conducted by faculty members of the university. The university further seeks to ensure that inventions, discoveries and creative works are used and controlled in an efficient and prudent manner that will result in maximum benefit to the university and the inventor, author, or creator.          

This policy applies to University employees (faculty and staff) and students who work on research projects supported by the University. Financial returns as an outcome of inventions will be shared between the inventors and the University.

University Patent Center (UPC) Responsibilities

a)      The University Patent Office (UPC) has responsibility for all matters related to IP at PMU. This includes obtaining, licensing, copyrights, computer software, and other IPs.

b)   Prepare a PMU Patent and Copyright Agreement, and other relevant documents.

c)    Protect the intellectual property rights of all stakeholders including the University, College, Department, Faculty, Staff, and students.

d)   Receive all disclosures of submitted inventions.

e)    Determine whether the invention has a potential to be patentable and if it is commercially viable.

f)    File for patent or licensing of an invention, in a timely manner.

g)   Negotiate patent/license agreements.

h)   Ensure faculty compliance with the patents and invention policies.

i)     Share royalties from inventions assigned to the University with the inventor.

j)     Implement any contract changes, revenue sharing, and license agreements.

Faculty Responsibilities

a)    All faculty, staff, and students participating in research must sign the PMU Patent and Copyright Agreement.

b)   Submit application for the invention/patent to the Dean of his/her college by using the Invention Disclosure Form.

c)    Ensure compliance with the University policy on patents, inventions, and intellectual property rights. 

d)   Cooperate with the Vice President of Research and Graduate studies regarding licensing possibility for the invention and patent. 

e)    Cooperate with the University in the filing of forms and relevant legal documents for patenting an invention, in a timely manner.

Revenue Sharing

a)    The University will share the revenue that it obtains from the commercialization of the inventions with the inventors.

b)   The University may consult with external individuals or organizations to manage patents/license agreements. The expenses incurred in the process will be deducted before revenue sharing between the inventors and the University. 

c)    The revenue that the University receives from the patents/licensing agreements will be distributed as follows: University (75%), and Inventor(s) (25%).

            d)If there is more than one inventor, revenue will be shared equally among the inventors, unless there is a written agreement specifying the distribution of revenue.