Title 7 Part 1212 → Subpart A → §1212.62

Title 7 → Subtitle B → Chapter XI → Part 1212 → Subpart A → §1212.62

Electronic Code of Federal Regulations e-CFR

Title 7 Part 1212 → Subpart A → §1212.62

§1212.62   Patents, copyrights, inventions, product formulations, and publications.

Except for a reasonable royalty paid by the Board to the inventor of a patented invention, any patents, copyrights, inventions, product formulations, or publications developed through the use of funds collected under the provisions of this subpart shall be the property of the U.S. Government, as represented by the Board, and shall along with any rents, royalties, residual payments, or other income from the rental, sales, leasing, franchising, or other uses of such patents, copyrights, trademarks, information, publications, or product formulations, inure to the benefit of the Board; shall be considered income subject to the same fiscal, budget, and audit controls as other funds of the Board; and may be licensed subject to approval by the Department. Upon termination of this Order, §1212.83 shall apply to determine disposition of all such property.