{"id":6239,"date":"2021-02-04T09:09:11","date_gmt":"2021-02-04T17:09:11","guid":{"rendered":"http:\/\/research.wsu.edu\/innovation\/?page_id=6239"},"modified":"2021-12-23T15:49:36","modified_gmt":"2021-12-23T23:49:36","slug":"distributions-of-royalty-income","status":"publish","type":"page","link":"https:\/\/research.wsu.edu\/innovation\/distributions-of-royalty-income\/","title":{"rendered":"Distributions of Royalty Income"},"content":{"rendered":"<div class=\"wsu-row wsu-row--sidebar-right\" >\r\n    \n<div class=\"wsu-column\"  style=\"\">\r\n\t\n\n<h2 class=\"wp-block-heading\">The Process<\/h2>\n\n\n\n<p>The Office of Commercialization (OC) collects and distributes income generated from the commercialization of WSU technologies. The distributions are made according to the <a href=\"https:\/\/facsen.wsu.edu\/faculty-manual-project\/\">Faculty Manual <\/a>Section IV.G. Patent Policy and Section IV.H. Copyright Policy, as appropriate.<\/p>\n\n\n\n<p>Distributions are made twice a year as follows:<\/p>\n\n\n\n<ul><li>For income received during the <strong>first half<\/strong> of the fiscal year (between July 01 and December 31 of the fiscal year), the distributions are made by or before the end of February of the same fiscal year.<\/li><li>For income received during the <strong>second half<\/strong> of the fiscal year (between January 01 and June 30 of the fiscal year), the distributions are made by or before the end of August of the following fiscal year.<\/li><\/ul>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Period Income Received<\/strong><\/td><td><strong>Distributions Made by<\/strong><\/td><\/tr><tr><td>July&nbsp; \u2013 December<\/td><td>End of February<\/td><\/tr><tr><td>January \u2013 June<\/td><td>End of August<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>OC generates the amounts due to each unit\/inventor and works with the WSU controller\u2019s office within the WSU Finance and Administration which issues the checks or makes direct deposits into the appropriate accounts following the above timelines.<\/p>\n\n\n\n<p>For detailed information on royalty distributions on varieties protected by PVP&#8217;s please see <a href=\"https:\/\/research.wsu.edu\/innovation\/pvp-royalty-distribution\/\">click here<\/a>.<\/p>\n\n\n\n<hr class=\"wp-block-separator lineAllWay\" \/>\n\n\n\n<p><em>Deviations to the above process and\/or timeline include exceptions such as pending inventorship and\/or ownership disputes, inaccuracy of distributions made that need verification, lack of proper documentation required to enable distributions etc.<\/em><\/p>\n\n<\/div>\r\n\n\n<div class=\"wsu-column red-box longpadding\"  style=\"\">\r\n\t\n\n<h2 class=\"has-text-align-center wp-block-heading\">Questions?<\/h2>\n\n\n\n<p class=\"has-text-align-center\"><a class=\"link-red\" href=\"http:\/\/research.wsu.edu\/innovation\/contact-us\/\">Lets chat!<\/a><\/p>\n\n\n\n<h3 class=\"has-text-align-center wp-block-heading\">Ready to start?<\/h3>\n\n\n\n<div class=\"wp-block-buttons aligncenter is-layout-flex\">\n<div class=\"wp-block-button  wsu-button--style-outline-round\"><a class=\"wp-block-button__link\" href=\"\" target=\"_blank\" rel=\"noreferrer noopener\">Inventor Portal<\/a><\/div>\n<\/div>\n\n<\/div>\r\n\n<\/div>\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":2704,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":[],"categories":[],"tags":[],"wsuwp_university_location":[],"wsuwp_university_org":[],"acf":[],"_links":{"self":[{"href":"https:\/\/research.wsu.edu\/innovation\/wp-json\/wp\/v2\/pages\/6239"}],"collection":[{"href":"https:\/\/research.wsu.edu\/innovation\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/research.wsu.edu\/innovation\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/research.wsu.edu\/innovation\/wp-json\/wp\/v2\/users\/2704"}],"replies":[{"embeddable":true,"href":"https:\/\/research.wsu.edu\/innovation\/wp-json\/wp\/v2\/comments?post=6239"}],"version-history":[{"count":22,"href":"https:\/\/research.wsu.edu\/innovation\/wp-json\/wp\/v2\/pages\/6239\/revisions"}],"predecessor-version":[{"id":6709,"href":"https:\/\/research.wsu.edu\/innovation\/wp-json\/wp\/v2\/pages\/6239\/revisions\/6709"}],"wp:attachment":[{"href":"https:\/\/research.wsu.edu\/innovation\/wp-json\/wp\/v2\/media?parent=6239"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/research.wsu.edu\/innovation\/wp-json\/wp\/v2\/categories?post=6239"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/research.wsu.edu\/innovation\/wp-json\/wp\/v2\/tags?post=6239"},{"taxonomy":"wsuwp_university_location","embeddable":true,"href":"https:\/\/research.wsu.edu\/innovation\/wp-json\/wp\/v2\/wsuwp_university_location?post=6239"},{"taxonomy":"wsuwp_university_org","embeddable":true,"href":"https:\/\/research.wsu.edu\/innovation\/wp-json\/wp\/v2\/wsuwp_university_org?post=6239"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}