Common use of Intellectual Property Disclosures Clause in Contracts

Intellectual Property Disclosures. I shall submit disclosures of intellectual property resulting from my participation in this course to the University Office of Technology Transfer. I understand that University policy permits the University to claim ownership of any intellectual property arising from University activity sponsored by a third party and/or developed using University resources not generally available to the public. I understand that the University may also, at its discretion, assign or license such rights to third parties and that I will be treated as an inventor or author for any intellectual property licensed by the University, receiving a portion of licensing revenues, as determined by University policy.