University Acts

Contents of this section:

[Note. An asterisk denotes a reference to a previously published or recurrent entry.]

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HEBDOMADAL COUNCIL

Council has made the following decrees, to come into effect on 18 July.

List of the decrees:


Decree (1): Procedures for the administration of the University's intellectual property policy

Explanatory note

In Michaelmas Term 1996 Council made a decree setting out the procedures for the implementation of the University's intellectual property policy. The decree prescribes, inter alia, the arrangements for the distribution of revenues arising from the commercialisation of freely exploitable intellectual property developed by university staff and students. Owing to a misunderstanding, the formula shown for the distribution does not adequately reflect the position agreed by Council in the light of the 1995 review of technology transfer arrangements. In particular it does not make clear that a levy, currently set at 30 per cent, is deducted from the aggregate receipts to the University after professional costs have been covered, as a contribution towards costs of protection and exploitation. Although this levy has been in place since the company's inception, previous tables for royalty distribution have shown the percentage distribution after the levy has been deducted, giving an incomplete picture of the true division of revenue. Council has accordingly made the following decree to rectify this situation and to set out the correct arrangements for the division of revenue.

Text of Decree (1)

In Ch. VIII, Sect. xi (Statutes, 1995, p. 522, as inserted by Decree (2) of 5 December 1996, Gazette, p. 432), delete cl. 7 and substitute:

`7 (a) Whenever exploitation is assigned to Isis, any net revenue received as a result of the commercialisation of any item of freely exploitable intellectual property after meeting such professional fees and expenses, and any other costs necessarily incurred in protecting the intellectual property and negotiating the arrangements for exploitation, shall be distributed as follows:

Total net revenue Researcher(s) General Fund Department Isis
up to £43K 63% 7% 0% 30%
Band from £43K and up to £430K 31.5% 21% 17.5% 30%
Band from £430K and up to £4.3m 15.75% 28% 26.25% 30%

If the net revenue exceeds £4.3m, the distribution of the excess shall be subject to negotiation.

(b) In any case in which the commercialisation of a freely exploitable invention takes place through the Research and Commercial Services Office, the distribution shall be as stated above, save that the 30 per cent share normally payable to Isis shall be passed instead to the General Fund.

(c) (i) In any other cases, such as those involving exploitation of intellectual property by the Research and Commercial Services Office through licensing to the company which has sponsored the generation of the intellectual property under a university research contract, the distribution shall be as follows:

Total net revenue Researcher(s) General Fund Department
Band up to £30K 90% 10% 0%
Band from £30K and up to £300K 45% 30% 25%
Band from £300K and up to £3m 22.5% 40% 37.5%

If the net revenue exceeds £3m, the distribution of the excess shall be subject to negotiation.

(ii) Notwithstanding (c) (i) above, in the case of licences (e.g. in respect of software or cell lines) from which revenues are small (less than £5K per annum) and when inventors have waived their rights in favour of their department, royalty receipts shall be allocated entirely to that department.

(d) The researcher's entitlement shall continue to be paid to him or her should he or she leave the University; and in the event of the researcher's death, the entitlement shall continue for the benefit of his or her estate.'

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Decree (2): Fee for the Postgraduate Diploma in Management Studies

Explanatory note

The following decree, made on the recommendation of the Resources Committee, increases the university fee payable in 1997–8 for the Postgraduate Diploma in Management Studies from £250 to £500, and makes clear that the fee is paid in full in the first year of the course and that no further fee is payable. Candidates take the course on a part-time basis over a minimum of two years.

Text of Decree (2)

1 In Examination Decrees, 1996, p. 1065, l. 7, after `annual rates' insert `, save in the case of the Postgraduate Diploma in Management Studies where the specified fee shall be paid in the first year of the course only'.

2 Ibid., l. 21, delete `£250' and substitute `£500'.

3 This decree shall be effective from 1 October 1997.

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CONGREGATION 1 July

1 Declaration of approval of unopposed Statute promulgated on 17 June

No notice of opposition having been given, Mr Vice-Chancellor declared the Statute making provision to enable Kellogg College to elect professorial fellows (p. 1305) approved.

2 Promulgation of Statutes

Forms of Statutes were promulgated. No notice of opposition having been given, Mr Vice-Chancellor declared the preamble carried of the proposed Statutes (1) removing an anomaly, (2) concerning the role and responsibilities of the Registrar, and (3) concerning the Hope Fund.

3 Declaration of approval of Special Resolution

That a site between the Department of Physiology and the Old Observatory be allocated for five years to the Department of Biochemistry for a building of approximately 3,000 sq.m. in floor area to house the first phase of the planned Genetics and Physiology Institute and the University Security Centre; and that this allocation be confirmed on a long-term basis if sufficient funding is raised to cover both the full cost of the construction of the building and its subsequent running costs.

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BOARDS OF FACULTIES

For changes in regulations for examinations, and concerning the use of equipment lent to members of the University, see `Examinations and Boards' below.