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New WARF royalty policy eliminates lab share

After an assessment of the 10-year practice of allocating a portion of initial royalty revenue to inventors’ laboratories, the WARF Board of Trustees has decided to eliminate “lab share” from the foundation’s income distribution structure. This change is effective for any license agreements signed on or after July 1, 2008. All license agreements signed prior to July 1, 2008 will be “grandfathered” from this change with labs continuing to receive revenue shares from these licenses up to the established maximum of $70,000 per license. The funds previously allocated to lab share will continue to benefit university research as part of WARF’s annual unrestricted gift to the Graduate School. Details of this change are available on the WARF website at www.warf.org/news/news.jsp?news_id=233.

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