KIET owed IP
- In case of provisional patent application the initial processing fees of Rs. 25000/- or actual, whichever is less will be paid by KIET.
- Also in the case when patent is commercialized, its patent shall be shared among the inventors and KIET in the ratio 80:20.
- The inventors among themselves shall decide the share among the inventors.
- Incentive claim under Research Incentive Schemes (RIS) of KIET must be made within a month of filing with the patent in the prescribed form. (Annexure IX).
Any revenue, proceeds fromcommercialization of joint IP would be shared between KIET in the ratio of 60:40. In the event, provisional and complete patent filling expenses shall be shared 50:50 by both the party and ownership will be jointly in the name of KIET & the inventor.