|Policy Category||Policy Owner||Version Effective Date||Review Cycle||Policy Contact|
|IV. Research||SVP & General Counsel||Feb. 1, 2023||Every 5 years||Office of Legal Affairs|
The primary mission of universities is to create, preserve, and disseminate knowledge. When that knowledge takes the form of intellectual property, a university must establish a clear and explicit policy that will protect the interests of the creators and the university while ensuring that society benefits from the fair and full dissemination of that knowledge.
This policy applies to all intellectual property created on or after July 1, 2002 (“Effective Date”) or if disclosure to the University of Maryland Global Campus (“University” or “UMGC”) is required under this Policy, all intellectual property disclosed to the University after July 1, 2002. Other intellectual property will remain subject to the University Policy 190.1 as authorized by University System of Maryland (“USM”) Policies IV-3.00 Policy on Patents and IV-3.10 Policy on Copyrights, and as in effect immediately prior to the Effective Date/p>
The terms defined in this section are given special meanings in this Policy and appear capitalized throughout.
University's President shall report annually to the Chancellor and the Board of Regents on intellectual property activity at the University. The report, in a format to be determined by the Chancellor, shall include data for the preceding year on disclosures, patent applications, patent awards, licenses and start-up companies, distinguishing when appropriate between Maryland-based companies and those outside of the State. The report shall also include data on revenue and expenditures associated with the University's technology function.