Click here for the Florida Tech Policy on Patents and Copyrights for Faculty.
Click here for the Florida Tech Intellectual Property Policy for Students.
Accounting for Royalty Payments
Effective December 6, 2017, royalty payments to faculty should be expensed to account 74151 to the org/fund combination where the royalty revenue was recorded. Payment of royalties to faculty will be treated as an agreement separate from an employment contract. For more detailed information, please visit the Controller’s website to review Accounting for Royalty Payments in its entirety.