How is income from the licensing of intellectual property distributed?
Income from the licensing of intellectual property is distributed by deducting all direct assignable expenses incurred in connection with the filing, prosecution, and maintenance of any relevant patents and the negotiation of the contract for the licensing of the intellectual property. After deduction of direct assignable expenses, fifteen percent 15 of the remaining income will be allocated to the Office of Biotechnology to defray the operating costs of the office. The remaining net income will be distributed among the inventor, a research account, and the unrestricted funds of Yeshiva University.