5.4.2 Definitions

In addition to terms defined in BOR Policy 6.3, the following terms as used in this policy shall mean: 

“Commercialization” means the process of developing marketable intellectual properties and licensing (and/or optioning) the same to parties outside GIT who, in turn, will develop products or services based on them to sell or license to others.  

“Computer Software” (as defined by 48 CFR 2.101) means: (i) Computer programs that comprise a series of instructions, rules, routines, or statements, regardless of the media in which recorded, that allow or cause a computer to perform a specific operation or series of operations; and (ii) Recorded information comprising source code listings, design details, algorithms, processes, flow charts, formulas, and related material that would enable the computer program to be produced, created, or compiled. 

“Creator” means a member of the GIT faculty, staff, or student body who makes an invention, as defined under U.S. patent law, or who participates in the creation of a copyrightable work, under US copyright law, or both. One is a participant in creating a copyrighted work when one makes an original work of authorship (or part thereof) fixed in any tangible medium of expression from which the work can be perceived, reproduced, or otherwise communicated, either directly or with the aid of a machine or device. Being an editor or otherwise facilitating a creation does not ordinarily qualify one as a “Creator.” 

“Creator of Record” means any Creator identified on an approved intellectual property disclosure.  When more than one Creator of Record is identified, the contribution allocation shall be determined by the percentage listed in the disclosure.  

“Gross Income” refers to all revenue and/or equity received by GTRC from the transfer, commercialization, or other exploitation of GTRC-owned intellectual property.  

“Intellectual Property Disclosure” refers to a written description of intellectual property disclosed to GTRC, through OTL, and that includes the Creator(s) of Record, contribution percentage, covenants, representations, affirmation, and signatures.