Revenue Sharing. 7.1 Any Revenue generated from Commercialization activities shall be shared by the University and the Authors as a group with eighty percent (80%) paid jointly to the Authors which shall be divided between the Authors and the Contributors and Other Participants in accordance with Addendum “C” and twenty percent (20%) paid to the University. Where the University has incurred Direct Costs, such distribution of Revenue shall occur only following the University’s full recovery of all of the Direct Costs. Notwithstanding the foregoing, any share equity in a start up company issued to the University as part of the compensation generated from Commercialization activities shall not be further shared with the Researchers or Other Participants in accordance with Addendum “C”.
Appears in 13 contracts
Samples: ’s Agreement, ’s Agreement, ’s Agreement
