The invention disclosure form helps us identify obligations to the research sponsor. Federal law requires that the University notify a government agency of inventions made under federally supported research. For this reason, it is essential that we know whether your technology was developed under federal sponsorship.
The invention disclosure form also serves as an Assignment from the inventor(s) to the University. Formalizing this transfer of ownership means that the University is granted with full power to act in future patent prosecution-related activities.
In addition, the invention disclosure ensures that all co-inventors are identified and their complete contact information referenced. Identifying all of the co-inventors is necessary for validating the division of royalties between the inventors themselves. Though not every invention submitted to the OTT will be successfully commercialized, it is often the case the commercialization timeline can take several years. During this time, some of the team members invariably move on to other career paths. Tracking them down to determine how they collectively wish to split royalties on a project on which they collaborated years ago is an inefficient use of everyone’s time. For this reason, it makes sense for the research team to agree upon a royalty division among themselves while still employed or attending the University.
Download the Invention disclosure form