The Trigger Date will be selected to minimize the perception of a conflict of interest. Graduate students mentored by the Medical School Faculty Inventors are not permitted to work at or for the Commercial Venture nor may University resources be used by the Commercial Venture without approval from the Dean of the School of Medicine or the Dean's designee. The School of Medicine's Committee on Conflict of Interest will review for approval, the yearly reports submitted by the Medical School Faculty Inventor. In any event, Medical School Faculty Inventor's time involvement at the company will be governed by the School of Medicine's Policy on Conflict of Commitment and Conflict of Interest. During any leave of absence, the Medical School Faculty Inventor may work full time for the Commercial Venture.
Transactions involving Equity have complex tax and security law considerations.
To assist the Medical School Faculty Inventor in understanding these obligations and the risks of Commercial Ventures, the School of Medicine strongly recommends that the Medical School Faculty Inventor seek separate counsel from an attorney or accountant familiar with tax and business law issues. The QuickNav Navigation feature requires Javascript and Netscape Navigator 3.0 or higher .