Royalties

Contracted Suppliers: Not applicable

The purpose of licensing University inventions to industry is threefold:

  • to provide a mechanism for transferring the results of University research to the public for the public benefit;
  • to meet obligations to research sponsors; and
  • to generate royalty income for the benefit of the University and the inventor.

Royalties are:

  1. Payments made by a licensee to a licensor for the right to make, use, or sell an invention or
  2. Payments made to an owner of a copyright for the privilege of practicing a right under the copyright

Complete a BearBuy Payment Request Form for a payment to a licensor or owner of a copyright. Do not scan and attach documentation to the Payment Request. The Department is responsible for internally maintaining required support documentation.

Relevant Policy/Procedures: See G-40, University of California Patent Policy

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