KU INTELLECTUAL PROPERTY POLICY
Intellectual Property Policy
The purpose of the intellectual property policy is to foster the creation and dissemination of knowledge. It serves to provide certainty in individual and institutional rights associated with ownership and the distribution of benefits that may be derived from the creation of intellectual property. The policy applies to all full or part-time employees, including student employees, creating intellectual property related to the scope of their employment while under contract with the University. It also applies to student academic creations, whether the student is an employee or not. For the most current policy information please visit:
RESEARCH POLICY AND REGULATIONS
Commitment of Time, Conflict of Interest, consulting, and other employment The purpose is to describe the responsibility for reporting individual significant financial interests and the institutional responsibility for evaluating disclosed interests and managing potential individual financial conflicts of interest.
This applies to all University of Kansas faculty, all other unclassified academic and professional staff, and anyone serving as project director or principal investigator or any other person, regardless of title or position, who is responsible for the design, conduct, or reporting of research conducted under the auspices of the University, which may include, for example, collaborators or consultants. For the policy in its entirety, please visit - Commitment of Time-Conflict of Interest Policy.
REVENUE SHARING POLICY
KU and KUMC
To describe the protocol for distributing revenue as a result of technology transfer. In accordance with the Regents’ intellectual property policy, the distribution formula will be applied when any revenue is obtained by or on behalf of the University of Kansas from the development or assignment of any patent or from royalties, license fees or other charges based on any patent or copyrightable software. Revenue sharing shall begin only after costs are recouped. For more information, view the KU revenue sharing policy.
OTHER KU INFORMATION
FEDERAL LAWS AND REGULATIONS
KU, like other research universities, is governed by the Bayh-Dole law (P.L. 96-517 and 98-620 as amended) which sets out the disposition of inventions made with Federal assistance.
The law provides that nonprofit organizations and small businesses may elect to retain title to inventions conceived or first actually reduced to practice in the performance of work under a funding agreement. The University must disclose each subject invention in a timely manner and comply with other regulatory actions. In addition, we must grant the U.S. government a royalty free license for governmental purposes, give preference to U.S. manufacturers, give preference to small businesses and share royalties with inventors. We must periodically report our licensing activity to the government.