Chuck, thnx, I was aware of the IP issue, but I recently heard that
publication restriction could also trigger a project being considered as
"private use", and am trying to track down the veracity of that claim.

L

> -----Original Message-----
> From: Herbert B. Chermside [SMTP:xxxxxx@VCU.EDU]
> Sent: Thursday, January 14, 1999 12:59 PM
> To:   xxxxxx@hrinet.org
> Subject:      Re: Tax Reform Act of 1986
>
> Len, the problem that I deal with (and it's the only one I'm aware of)
> is
> burried in the committee report:
> If an institution specifies a "price" or royalty rate for intellectual
> property BEFORE the IP is "ready for sale", the insititution looses
> the
> right to issue tax free bonds.
>
> This was a legislative reaction to some of the big deals where some
> insititutions committed that all future inventions from some segment
> of the
> institution went to a big ($M, $$M) sponsor at a set royalty rate --
> remember that in the early 80's a number of big sponsors, some being
> foreign, made such deals.
>
> I overcome the problem by NEVER putting a ROYALTY RATE into a
> sponsored
> program.  I will agree to "reasonable", "usual in the industry", or
> even a
> (abnormally high) ceiling on rate, adding that final rate will be
> negotriated aftrer both we and sponsor have had time to evaluate the
> specific inventions.
>
> Chuck
>
>
>
>
> At 12:06 PM 1/12/99 -0500, Paplauskas,Leonard wrote:
> >Can anyone point me to a reference on the impact of this legislation
> on
> >universities?
> >
> >Thanks,
> >
> >Leonard P. Paplauskas
> >Assistant Vice Chancellor for Research
> >University of Connecticut Health Center
> >Farmington, CT  06030-5355
> >860-679-3173 (voice)
> >860-679-2670 (fax)
> >xxxxxx@adp.uchc.edu
> >
> >
> >=====================================================================
> ========
> >
> Herbert B. Chermside, CRA
> Director, Sponsored Programs Administration
> Virginia Comonwealth University
> PO BOX 980568
> Richmond, VA  23298-0568
> Express Delivery Only:
>         Sanger Hall, Rm. 1-073
>         11th & Marshall Streets
>         Richmond, VA  23219
> Voice:  804-828-6772
> Fax     804-828-2521
> OFFICE e-mail   xxxxxx@VCU.EDU
> Personal e-mail xxxxxx@vcu.edu
> http://views.vcu.edu/views/ospa/
>
>
> ======================================================================
> =======

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