Page 199 - Area_V_Parameter_C

CvSU MANUAL OF OPERATIONS
323

Intellectual Property Rights (IPR)

Patented fabricated equipment or any form of patented product that
was developed from student thesis with 50% funding from the university
shall be a joint ownership of the author(s) and the university. When
commercialized, the author(s) and the faculty adviser shall have an
equal share from the 70% of the royalty while the remaining 30% shall go
to the university.

Registration for copyright and patenting of products or equipment
developed from research shall be the joint responsibility of the
author and the university through the IPR Officer.

Commercialized patented equipment/product that was produced from
a faculty research project shall be jointly owned by the author and
the university.

The author shall be entitled to 60% of the royalty while the remaining
40% shall go the university.

The amount earned by the university in the form of royalties shall be
placed in a thrust fund and shall be used to fund future faculty and
student research projects.

Workload Credit

The involvement of faculty members to actual operation of
the colleges/campuses or the university shall be credited to a research
workload with the corresponding credit points earned for the semester
(Annex “D”).

A faculty researcher who exceeds the minimum workload requirement
in teaching shall be entitled to a research overload pay that is equivalent
to the amount approved for the academics.

Effectivity

This shall take effect upon the approval of the University
Administrative Council and the Board of Regents.

323