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Policy & Procedure
Policy Title :
Inventions, Patents and Licensing Policy
Policy Number :
V. 4
Responsible Party :
Research
Effective Date :
21/05/2015
Revised Date :
_______________________

Purpose

The Inventions, Patents and Licensing policy is intended to encourage scientific research and scholarship within Prince Mohammad bin Fahd University, produce inventions and patents, and protect and explain the rights of the University and the inventor.

Statement :

Faculty at Prince Mohammed bin Fahd University is dedicated to excellence in teaching, research, and providing services to the community and the industry. While the purpose of doing research and developing innovative solutions is to contribute to the body of knowledge in the field of research and solve real-world problems, it may also result in the development of patents and commercial applications. The University will pursue filing of patents and license agreements for their development and marketing, and ensure proper utilization of such inventions in commercial products.

This policy applies to University employees (faculty and staff) and students who work on research projects supported by the University. Financial returns as an outcome of inventions will be shared between the inventors and the University.

University Responsibilities

  1. Establish an office for Patents and Technology Licensing.
  2. Establish individual policies on patents, inventions, copyrights, and technology licensing.
  3. Establish policies on the rights and responsibilities of all stakeholders.
  4. Prepare a PMU Patent and Copyright Agreement, and other relevant documents.
  5. Protect the intellectual property rights of all stakeholders including the University, College, Department, Faculty, Staff, and students.
  6. Receive all disclosures of submitted inventions.
  7. Determine whether the invention has a potential to be patentable and if it is commercially viable.
  8. File for patent or licensing of an invention, in a timely manner.
  9. Negotiate patent/license agreements.
  10. Ensure faculty compliance with the patents and invention policies.
  11. Share royalties from inventions assigned to the University with the inventor.
  12. Implement any contract changes, revenue sharing, and license agreements.

Faculty Responsibilities

  1. All faculty, staff, and students participating in research must sign the PMU Patent and Copyright Agreement.
  2. Submit application for the invention/patent to the Dean of his/her college by using the Invention Disclosure Form.
  3. Ensure compliance with the University policy on patents, inventions, and intellectual property rights. 
  4. Cooperate with the Deanship of Research Development regarding licensing possibility for the invention and patent. 
  5. Cooperate with the University in the filing of forms and relevant legal documents for patenting an invention, in a timely manner.

Revenue Sharing

  1. The University will share the revenue that it obtains from the commercialization of the inventions with the inventors.
  2. The University may consult with external individuals or organizations to manage patents/license agreements. The expenses incurred in the process will be deducted before revenue sharing between the inventors and the University. 
  3. The revenue that the University receives from the patents/licensing agreements will be distributed as follows: University (30%), Inventor(s) (55%), and Inventor’s department (15%)
  4. The Department share shall be used to support research activities within the Department.
  5. If there is more than one inventor, revenue will be shared equally among the inventors, unless there is a written agreement specifying the distribution of revenue.