Once a technology is licensed, TTBD collects any revenue due under the agreement. Inventors share a portion of the Net Royalty Income in accordance with OHSU’s Intellectual Property and Royalty Distribution Policy No. 04-50-001. Below is a brief description of what inventors can expect to receive after OHSU has reimbursed its out-of-pocket expenses.
- Inventors receive 40% of the first $50,000, 35% of the next $50,000 and 30% of everything thereafter. This money is taxable income and will be reported to the IRS on a Form 1099.
- The remaining Net Royalty Income is divided equally between the unit for which the inventors worked at the time of the invention and OHSU.
- A Royalty Sharing Agreement will discuss how the inventor(s) share of the Net Royalty Income will be distributed among the inventors.
- Where income in exchange for the transfer of OHSU intellectual property is to be in the form of equity or its equivalent, OHSU will instruct the licensee to transfer the inventor(s) portion of the University shares directly to the inventor(s).