A School of Hygiene and Public Health Faculty Inventor who receives Equity may, with prior approval of the Dean of the School of Hygiene and Public Health, or the Dean's designee, direct research at the facilities of the Commercial Venture. A School of Hygiene and Public Health Faculty Inventor may provide services to the Commercial Venture at the University under a contract between the University and the Commercial Venture, provided the work has been approved by the Committee on Professional Conduct pursuant to Paragraph IV 4. The School of Hygiene and Public Health's Committee on Professional Conduct will review for approval, the yearly reports submitted by the School of Hygiene and Public Health Faculty Inventor. Such leave is subject to the School of Hygiene and Public Health's Policies and Guidelines Governing Appointments, Promotions and Professional Activities and the School's Policy on Conflict of Commitment and Conflict of Interest. During any leave of absence, the School of Hygiene and Public Health Faculty Inventor may work full-time for the Commercial Venture.
Transactions involving Equity have complex tax and security law considerations.
To assist the School of Hygiene and Public Health Faculty Inventor in understanding these obligations and the risks of Commercial Ventures, the School of Hygiene and Public Health strongly recommends that the School of Hygiene and Public Health Faculty Inventor seek separate counsel from an attorney or accountant familiar with tax and business law issues.