When your TTO is dealing with IP having multiple inventors, splitting revenue — whether it be royalties, license and option fees, or equity — can be a complicated and occasionally contentious process. And when the splits involve more than one institution or a license incorporating multiple inventions, it’s even trickier. While there are no foolproof strategies to eliminate future disputes or litigation over revenue splits, there are ways to minimize the risks while also demonstrating to inventors that your main goal is to be fair to everyone involved.
That’s why we’ve partnered with Dr. Terry Bray, Executive Director of Licensing, Physical Sciences and Engineering at the University of Pennsylvania’s Penn Center for Innovation, University of Pennsylvania for this informative webinar:
Dr. Bray will cover common structures and scenarios for how inventor revenue shares are split, who is eligible to share revenues, and resolving disputes when they arise. You’ll learn the pros and cons of different approaches to splitting revenues between inventors and discover strategies for refining your institution’s policies on this topic.
Here’s a quick look at just some of the topics we’ll cover:
- Inventor obligations and interests
- Types of revenue typically shared
- Revenue sharing structures between multiple inventors
- Revenue sharing structures between multiple institutions
- Revenue sharing when there are multiple inventions in a license
- Student inventors
- Dispute resolution
- Policy considerations to reduce future problems
Meet your session leader:
Dr. Terry Bray
Executive Director of Licensing, Physical Sciences and Engineering
Penn Center for Innovation
University of Pennsylvania
Dr. Bray has more than 30 years experience in the creation, development, and commercialization of innovative technologies. Prior to joining UPenn, he served as Director of Technology Licensing at Georgia Tech Research Corporation. Prior positions include Executive Vice President of Business Development at Atherotech Diagnostics Lab, Director of Physical Sciences with the University of Alabama at Birmingham (UAB) Institute for Innovation and Entrepreneurship (formerly the UAB Research Foundation), and Senior Licensing Associate in the Office of Technology Transfer at North Carolina State University.
Dr. Bray has extensive experience in the management, patenting, and licensing of intellectual property, as well as facilitating start-up company formation and economic development. While a researcher at UAB, Dr. Bray developed several technologies that were commercialized and is an inventor on several issued patents.
