After a license is executed, CTL continues to maintain a relationship with the licensee. CTL tracks the diligence of the licensee in its development of your invention. Occasionally, because of industry environment changes, the licensee will require adjustments. CTL will be responsible for making reasonable adjustments to the original license. Finally, if the license of your invention generates any net income (net income is gross income minus any out-of-pocket costs incurred by CTL in the licensing of your invention), CTL distributes it, according to university policy, to the appropriate university stakeholders.
For net income from the licensing of an invention: