Distributable Royalties definition
Distributable Royalties means any consideration, whether in the form of money, corporate stock or other equity in a business organization, or any other thing of value, actually received by and in the control of the University pursuant to an authorized agreement granting any rights in any LSU Intellectual Property, after deduction of the University’s legal, professional and patent expenses directly expended in support of and allocable to that LSU Intellectual Property, except that “Distributable Royalties” shall not include:
Distributable Royalties means any consideration, whether in the form of money, corporate stock or other equity in a business organization, or any other thing of value,
Distributable Royalties means all royalties that are distributable to Members, and other writers of
Examples of Distributable Royalties in a sentence
The portion of Distributable Royalties under this Agreement that would otherwise have been paid to Jess▇ ▇.
Demeter hereby irrevocably relinquishes all claim to, and hereby irrevocably assigns over to LSU the entire share of all such Distributable Royalties under this Agreement to which Jess▇ ▇.
More Definitions of Distributable Royalties
Distributable Royalties means any money, corporate stock or other equity in a business organization, or other property actually received by and in the control of LSU under an authorized contract granting any rights in any LSU Invention, LSU Work, LSU Software, LSU Database, LSU Digital Media, or Other LSU Intellectual Property. However, consideration received by LSU in reimbursement of or allocated for past, present, or future attorneys fees or other legal expenses associated with LSU Intellectual Property shall not be included as part of “Distributable Royalties.” No expenses other than reimbursed attorney's fees and legal expenses shall be deducted in calculating "Distributable Royalties." "Distributable Royalties" shall not include any consideration deemed a Research Grant or deemed Litigation Proceeds; nor shall "Distributable Royalties" include any amounts received by LSU that are attributable to an LSU Mark. Furthermore, no activity conducted by LSU for educational, research, or non-commercial purposes shall be deemed to give rise to “Distributable Royalties.”