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Council has now enacted new regulations to replace the existing decree governing the administration of the University's Intellectual Property Policy (see Supplement (1) to Gazette No. 4625, 5 June 2002, p. 1285). These regulations retain the principles on which the policy is founded, and clarify the procedures at the same time as setting them out in the new drafting style. The following decree formally repeals the existing decree which these new regulations will replace.
Regulation 1, paragraph (2) (b) confirms the role of Isis Innovation Limited in the exploitation of research funded with research council grants the conditions of which do not include such a requirement.
Regulation 1, paragraph (2) (c) specifies the Director of Research Services as the person who should be contacted in the first instance by a researcher wishing to exploit intellectual property by some other means.
Regulation 2 makes applicable to any dispute between the researcher and the University the new resolution procedure under Statute XVII, in place of the present determination by an independent expert, while also requiring consultation with specialist Counsel.
Regulation 7, paragraphs (4) and (5) provide for the standard proportions for the distribution of net revenue to be varied, by agreement between the parties involved, in the case of commissioned work.
2 This decree shall be effective from 1 October 2002.
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