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Old October 12th, 2017, 06:41 PM
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Default IP Policy University of Toronto

Is there anybody who will give instructions to get information about Inventions Policy (IP) of University of Toronto?
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Old October 13th, 2017, 11:23 AM
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Default Re: IP Policy University of Toronto

As you are looking for Inventions Policy (IP) of University of Toronto, so here I am providing complete information:

Inventions Policy (IP) of University of Toronto

Application of Policy

General: This Policy applies to all Inventions disclosed to the University after the date fixed forimplementation of this Policy by the University. This Policy does not apply to Inventions createdin the course of demonstrably private research unrelated to the Inventor’s University functions orin the course of private consulting activities to outside bodies, when such activities do not involveany substantial use of University facilities.

Agreements: Notwithstanding any other provision of this Policy:
(a) all agreements between the University and third parties that relate to Inventions and/or
Inventors shall remain in full force; and,
(b) the determination of rights in, and the allocation of revenue from, an Invention made by an Inventor who also holds an appointment in an affiliated teaching hospital, centre of excellence, network of centres of excellence or other external institution shall be subject to the terms and conditions of agreements between the University and the hospital,centre, network or institution in force at the time of the disclosure of the Invention, or, inthe absence of such an agreement, to negotiation between the institutions involved.

Commercialization
4.1 By University. An Inventor may offer an Invention to the University if the Inventor wishes theUniversity to take full responsibility for the legal protection and/or commercialization theInvention. The University may undertake a commercial and/or technical assessment or otherevaluation of the Invention before accepting the Inventor’s offer.

Upon acceptance of the Inventor’s offer:

(a) the Inventor shall assign sole ownership of the Invention to the University; and,
(b) if the University has not made reasonable efforts to enter into an agreement with a third party to commercialize the Invention within two years of entering into the assignment with the Inventor, the Inventor may request to assume responsibility for legal protectionand/or commercialization of the Invention. If so, the University shall assign soleownership of the Invention to the Inventor, subject to the obligations set out in section4.2.

By Inventor: If an Inventor wishes to take full responsibly for the legal protection and/orcommercialization of an Invention, the Inventor shall inform the University and the Universityshall assign sole ownership of the Invention to the Inventor subject to certain obligations,including without limitation:
(a) the University’s right to use the Invention for research, teaching and administrativepurposes, without cost and in perpetuity;
(b) any obligations granted to third parties under any applicable funding or other agreements;
(c) all agreements with respect to the license or assignment of the Inventor’s rights in the
Invention shall include indemnification of the University; and,
(d) the Inventor shall provide to the University, on an annual basis, a copy of each suchagreement entered into by the Inventor together with a report of all patent activity andbusiness transactions undertaken and revenues received in respect of the Invention.

Net Revenue. Net Revenue shall be shared and distributed in accordance with Appendix A, on anannual basis.

Administration of the Policy
General. The Vice-President, Research and Innovation is responsible for the administration of thisPolicy and is authorized to approve guidelines, regulations and procedures pursuant to this Policy.
The Vice-President, Research and Innovation (or designate) is also authorized to execute suchassignments, agreements, consents, and other documents as may be necessary or desirable toimplement this Policy, and the disposition of rights in Inventions thereunder, on behalf of theUniversity.

Inventions Policy (IP) of University of Toronto



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