2021 Florida Regulations 20-107.005: Royalties
Current as of: 2021 | Check for updates
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(1) Consistent with other state agencies which have been assigned patent ownership rights, and in consideration of staff assignment of patent rights, the Department of Citrus agrees to pay for the life of the patent to the staff inventor(s), or their heirs, its share of net income derived from inventions according to a schedule approved by the Florida Citrus Commission, “Schedule of Royalty Payments on Intellectual Property” (1997), which schedule may be modified from time to time.
(2) The schedule in effect upon the date of the initial filing for patent protection shall represent the schedule applicable to the inventor’s right to royalty payments.
(3) Royalty payments shall be calculated after deducting the costs of patenting and patent protection, including litigation related to the patent.
(4) In the case of multiple inventors, such royalty payments are to be distributed between inventors according to the percent of inventorship as determined by the Patent Administrator.
Specific Authority 601.10(1) FS. Law Implemented Florida Statutes § 601.101. History—New 7-29-03.
(2) The schedule in effect upon the date of the initial filing for patent protection shall represent the schedule applicable to the inventor’s right to royalty payments.
(3) Royalty payments shall be calculated after deducting the costs of patenting and patent protection, including litigation related to the patent.
(4) In the case of multiple inventors, such royalty payments are to be distributed between inventors according to the percent of inventorship as determined by the Patent Administrator.
Specific Authority 601.10(1) FS. Law Implemented Florida Statutes § 601.101. History—New 7-29-03.