Any person associated with the University who has an invention capable of being patented or licensed must complete a disclosure form providing a full description of the invention and forward it to the Office of University-Industry Liaison. The Department Head, Director or Dean should be informed when a disclosure is made. Acceptance of an invention or discovery by the University does not mean that patenting, exploitation or commercialization will necessarily occur. Upon receipt of the invention questionnaire, the University-Industry Liaison Office will conduct a preliminary examination. If the invention does not appear to be viable to the Director of University-Industry Liaison, the rights to the invention will be returned to the inventor on a timely basis.
Net income is calculated as gross income less direct costs.
Normally, an accounting is made from time to time, but not less frequently than annually. Details are available from the Office of the Dean of Graduate Studies. Other Employees Members of faculty and staff responsible for work which might give rise to a patentable invention should ensure that no one associated or familiar with the material involved releases any unauthorized information. If appropriate, those associated with such a project may be asked to sign a brief agreement to this effect. If the President's decision does not resolve the dispute, then final resolution is determined by arbitration under the provision of The Commercial Arbitration Act of the Province of British Columbia or any successor legislation.