Hello all-
I'd like to pick your collective brains for a minute about something.  I
have a PI who would like to submit a Type G grant to the American Chemical
Society.  One of the terms of the grant states, " . . . any patent which is
taken out by or on behalf of the principal investigator or the grantee
institution, and which is derived from research funded in whole or in part
by this grant, shall be dedicated to the public, royalty free."  Is this a
standard term, or if not, does it sound acceptable to you?
My knowledge of IP, though increasing, would still fit into a small box.
The award amount is small ($35K for two years), and I would hate to sign the
PI's rights away, particularly for such a small amount.
Thanks for your input on what, I hope, will turn out to be a case of the
worry-warts,
-Amy

Discovery consists in seeing what everyone else has seen and thinking what
no one else has thought.
-Albert von Nagyrapolt

Amy Hibbard
Grants Administrator
Keck Graduate Institute of Applied Life Sciences
535 Watson Drive, Claremont, CA 91711
T: (909) 607-9313 / 607-7855
F: (909) 607-8086
xxxxxx@kgi.edu
www.kgi.edu

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