I have been asked to locate the IRS publication or rule that ties to IP rights and options being a quid pro quo as expressed in the new CASE Guidelines, page 25:
Exclusion Criteria: IP Rights
Description: "The agreement assigns to the funder any full or partial rights that may result from the program of activity. This exclusion extends to a provision of royalty-free licenses (whether exclusive or nonexclusive) to the funder, and also to granting the funder the first option or similar exclusive rights to purchase the rights to any subsequent commercial opportunities. If the written agreement includes any actual or potential future benefit of this kind, the funding must be excluded."
Any of our expert colleagues have a lead on this?
Lesley T. Pratt, GSE '20
Assistant Vice President, Advancement Services
Office of University Advancement
716 Columbus Avenue, 402 CP, #427
Boston, MA 02120
P (617) 373-6192 | C (617) 416-3489 | F (617) 373-5519
Many thanks Tom!
Lesley T. Pratt
(617) 373-6192 w
(617) 416-3489 c