Inventors’ Distribution Agreement

Inventors’ Agreement for Distribution of Royalty Income

THIS AGREEMENT is entered into by and among name(s) (together, the “Inventors”), effective upon the date of the last Inventor signature below.

WHEREAS, on disclosure date the invention entitled (“disclosure title OCR #” the “Invention”) was disclosed to Yale University on which each of the Inventors has been identified as a co-inventor (See Exhibit A, if applicable); and

WHEREAS, the Invention was first conceived and reduced to practice by the Inventors when each was a faculty member or a student at Yale University (“Yale”) and therefore, the Invention and any resulting patent(s) are subject to the provisions of the Yale University Patent Policy (the “Yale Patent Policy” or the “Policy”); and,

WHEREAS, the Invention is subject to certain rights in the United States Government because the Invention was first conceived and reduced to practice during the conduct of research that was supported by grants made to Yale by the United States Government;  and

WHEREAS, pursuant to the Yale Patent Policy, the Inventors have assigned their respective individual and joint rights to the Invention to Yale; and

WHEREAS, paragraph 4(d) of the Yale Patent Policy establishes the terms and conditions under which Yale distributes “Net Royalties” (as defined by the Policy) to inventors and co-inventors, and provides that co-inventors should, among themselves, enter into a written agreement establishing their mutually acceptable fractional shares of any Net Royalties, and that Yale will distribute Net Royalties to each of them as co-inventors in accordance with those shares established in such a written agreement;

NOW, THEREFORE, pursuant to the provisions of the Policy, subject to applicable United States laws and regulations, and intending to be bound hereby, the Inventors hereby agree as follows:

  1. We agree to the following percentage distribution formula to be applied to any Net Royalties received by Yale now or in the future with respect to the Invention.
      Full Name Email address (required)
    _____ % to Inventor #1    
    _____ % to Inventor #2    
    _____ % to Inventor #3    

    Total: 100%

  2. We agree that Yale may rely on this Agreement in distributing the Net Royalties to us and each of us.
  3. This Agreement, including the Exhibit attached hereto:
    (a) constitutes the entire agreement among the parties concerning the subject matter hereof, and supersedes all other and prior agreements, writings, or understandings, oral or written, with respect thereto.
    (b) shall be binding upon each of the Inventors and his heirs, successors, assigns, and legal representatives.
    (c) may be amended only by a writing signed by all parties.
    (d) shall be governed by Connecticut law, without regard to its conflict of laws principles
    (e) may be executed in separate counterparts, each of which when so executed shall constitute an original, but all of which together shall constitute one and the same instrument.
  4. Each party to this Agreement represents that he has the right, authority, and capacity to enter into this Agreement.

IN WITNESS WHEREOF, we have placed our hands and seals below.

Date: _____________________________ Signature:_______________________________________________
 

Inventor #1 Full Name: _______________________________________________________________________

Home Address: _____________________________________________________________________________

 

Date: _____________________________ Signature:_______________________________________________
 

Inventor #2 Full Name: _______________________________________________________________________

Home Address: _____________________________________________________________________________

Date: _____________________________ Signature:_______________________________________________
 

Inventor #3 Full Name: _______________________________________________________________________

Home Address: _____________________________________________________________________________


Exhibit A

(If applicable)

If no patent information is to be listed then Exhibit A remains with only the above detail.

~~~~~~~~~~~~~~~~~~~

If PI has patent information that should be listed, below is the detail for the IDA Exhibit A template.

Pull all patent applications

Filing Date, Application #, and Title