Who is responsible for patenting?
AzTE contracts with outside patent counsel for IP protection, thus assuring access to patent specialists in diverse technology areas. Inventors work with the patent counsel in drafting the patent applications and responses to worldwide patent offices.
Who pays the costs of patenting an invention?
We cover all the costs of patenting an invention. After an invention is licensed, it is common to ask the licensee to reimburse these expenses.
Who is eligible to disclose an invention to AzTE and to use AzTE's services?
Any employee or student of the Arizona State University may disclose an invention to AzTE.
When will I receive payments if/when my technology has been licensed?
Licensees typically make contractual payments of scheduled royalties tied to revenues generated by your invention. In most cases, payments are distributed the month after they are received.
How will money be distributed if/when my invention is licensed?
Distributions are based on ABOR and ASU policy and completed by ASU.
ABOR/ASU DISTRIBUTION POLICY:
ABOR ASU, the creator’s share of “Net income” received by ASU from commercialization of intellectual property is divided equally among all inventors unless each and every inventor agrees in writing to a different distribution of the creator’s share.
Please contact us if the creators wish to enter into a sharing arrangement for the creator’s share that is different from that provided under university policies.
What if a collaborator from another institution has contributed to my invention?
AzTE has inter-institutional agreements with many organizations. If this is not the case, we would negotiate such an agreement with your collaborator's institution. This type of agreement determines which institution would take the lead in patenting and licensing of the invention, as well as how any royalty income would be shared.
If I publish a paper or make a presentation on my technology at a meeting, will my invention still be patentable?
After you publish, present or otherwise publicly disclose your invention, you have one year from your first disclosure date to file a U.S. patent, referred to as an inventor grace period. After one year has passed, you lose all U.S. patent rights. Therefore, it is best to file a patent before or as quickly as possible after a public disclosure. Most foreign countries have no grace period; that is, publication (or any form of public disclosure) of your invention immediately bars you from obtaining foreign patent rights.
Does AzTE file foreign patents on inventions?
Yes, we will file foreign patents on inventions, depending on the availability of foreign patent rights and the level of licensing interest in that country.