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Yale University Inventors Distribution Agreement

OCR.3.00

AGREEMENT by and between <INVENTOR 1>, <INVENTOR 2>, <INVENTOR 3>, and <INVENTOR X> (collectively the "Inventors").

WHEREAS, the Inventors jointly disclosed an invention entitled "<TITLE OF INVENTION>" and

WHEREAS, the Invention was first made and conceived while the inventors were acting under the auspices of Yale University, a non-profit corporation organized and existing under the laws of the State of Connecticut ("Yale"), and therefore, the Invention and any resulting patent(s) is subject to the provisions of the Yale University Patent Policy (the "Patent Policy"); and

WHEREAS, the Invention was first identified and put to practice while certain of the Inventors were supported by U.S. government grants to which U.S. patent rights and regulation apply; and

WHEREAS, pursuant to the Patent Policy the Inventors have assigned their respective individual and joint rights to the Invention to Yale; and

WHEREAS, pursuant to the Patent Policy, which prescribed the conditions and requirements for distribution of royalties and other income by Yale to inventors, including the requirement that there be an agreement among joint inventors setting forth the appropriate formula for distribution of income, if any, among such inventors, the Inventors wish to set forth a formula for distribution of income between themselves;

NOW, THEREFORE, pursuant to provisions of the Patent Policy, and subject to any United States patent regulations which may limit the University’s distribution of income, the Inventors hereby agree to the following distribution formula for any patent royalty income with respect to the Invention which is or becomes payable to the Inventors pursuant to the Patent Policy. Specifically, any such income due the Inventors shall be allocated and distributed to each of the named individuals (or his designated legal representative) as follows:

_______ % to <INVENTOR 1> ; Social Security # _______

_______ % to <INVENTOR 2> ; Social Security # _______

_______ % to <INVENTOR 3> ; Social Security # _______

This Agreement shall be binding upon each of the Inventors, and his or her heirs and assigns.

Date: Signature:
Name:
Home Address Line 1
  Home Address Line 2
  Citizenship:
Date: Signature:
  Name:
  Home Address Line 1
  Home Address Line 2
  Citizenship:

 

Licensed to <COMPANY NAME/LICENSEE>

OCR Number _______

 
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