Revenue Sharing, an excerpt from the Rice Intellectual Property Policy (Rice University Research Policy No. 333-99)

Income shall be distributed as follows.

i) 100% to the University until all its out-of-pocket expenses associated with the protection and exploitation of the patent or software have been reimbursed, such expenses include fees associated with patent filing and copyright registration and any other continuing costs associated with the licensing or other commercialization of the intellectual property.

ii) Thereafter, income received by the University is distributed as follows:

37.5% to the inventor(s) or developer(s) (or their heirs)

In the absence of an agreement to the contrary, income will be split equally among the multiple inventors or developers. However, the inventors/developers may enter into an agreement among themselves that specifies a different distribution formula that takes into account the differential contributions of the individual inventors to the invention. This income distribution agreement should be submitted to the Vice Provost for Research at the time of filing of the invention disclosure to the University. In the absence of such an agreement, the University's policy will be equal income payments to all inventors/developers.

18.5% for graduate education

14% to the organizational unit (the department and/or Center/Institute) listed as the sponsoring unit by the University researcher at the time of invention disclosure or software registration

30% to the University

Read the Complete Rice Intellectual Property Policy