Purdue University is offering to help with project, but stated "if we fund the project, we will manage the patents." Does that mean giving up all rights to the patents? or just partial right depending on contract?
1 Answer from Attorneys
Individuals working at a college or university who use their university's facilities to develop a patentable project usually end up giving up all of the patent rights in the project. However, this is an agreement between the institution and the individual researcher, usually as part of the employment package of forms to be signed. The terms of the agreement are generally that the institution gets the full benefit of any intellectual property, including any patent, developed using the institution's facilities, time, students, other faculty, staff, equipment, etc.
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