19 Dec 2020 Upenn Participation Agreement
 |  Category: Uncategorized INVENTORS or other faculties of the university or staff involved in licensing a potential licensee pass on all fiduciary or financial interests or contractual relationships with the potential licensee to its deans and chairs or its competent administrator, in accordance with the current academic policy on conflicts of interest. In addition, INVENTORS or other faculties or university staff involved in licensing an INVENTION to a potential licensee share with the IPA all the fiduciary or financial interests of this potential licensee at the IPA, which forwards the review of the matter to the EXECUTIVE COMMITTEE. The IDP will notify INVENTORS of potential licensees at an early stage of the negotiation process. The final decision on the granting of an invention licence, the licence to which an INVENTION must be granted, the terms of the agreements and how it must proceed with the licence belongs to PCI and is not in dispute for APPEALS BOARD or any other means. In such cases, it is considered that the students irrevocably transferred and surrendered and surrendered all of their right, title and interest for and for such an invention, and that they are applicable from the first project or the date of the reduced practice, whether or not that student performs a CONTRAT OF CONCLU PARTICIPATION OR another written agreement confirming the contract. , and this student is considered TO be INVENTOR for distribution and other means in accordance with this directive. 5.0.5 ASSIGNMENT means the execution of an agreement written by an INVENTOR that issues all rights, titles and interests of INVENTOR to and to an INVENTION OR TANGIBLE RESEARCH PROPERTY. ERFINDUNGen are considered automatically and irrevocably assigned, effective from the date they are designed or reduced to practice, whether or not that person performs a PARTICIPATION CONTRAT OR another written agreement to confirm the assignment. License agreements related to EQUITY must be structured to protect the university and faculty members from liability and to avoid conflicts of interest. Before the university executes an agreement, THE INVENTOR (S) must disclose to the IAP and the standing committee of the university conflict any consultation agreement existing or proposed between the INVENTOR (S) and the potential licensee, or any other advisory arrangement with other companies that may present conflicts of interest.

On the recommendation of the Vice-Provost for Research, the university and the relevant deans may impose restrictions on the proposed licensing agreement, the sponsored research agreement, the board agreement between the INVENTOR and the licensee or other agreements. In addition, the university, deans or presidents can set up a mechanism to oversee the relevant INVENTORS. Except to the extent outlined in paragraph 3.4 below, faculty members considering a board agreement ensure that its obligations under LA PATENT POLICY are not compromised and that the rights of the university are protected. In particular, faculty members are responsible for the fact that the following conditions are not part of an advisory agreement: the INVENTORS PERSONAL SHARE of ADJUSTed PCI REVENUES for the INVENTION, item, are distributed to all INVENTORS (if there are more than one), as the INVENTORS unanimously pass it on to the IAP.

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