Common use of Student-­‐Created Technology Clause in Contracts

Student-­‐Created Technology. This policy shall not apply to technology created or reduced to practice by University students to fulfill a University course requirement unless (i) the development of the technology was funded, in whole or in part, by an external sponsor; (ii) the technology was an improvement of an invention in which the University holds the intellectual property rights; (iii) a University faculty member or other University employee was a co-­‐inventor of the technology; or (iv) substantial University resources were used to develop or reduce the technology to practice. This policy does not prohibit the University from conditioning participation in a University course or other University-­‐sponsored activity on an individual’s assigning to or licensing to the University the rights in technology created or reduced to practice in the course or activity.

Appears in 2 contracts

Sources: Mnbridge Income Distribution Agreement, Income Distribution Agreement