|(a) MVCPA may authorize the licensure of MVCPA owned
(b) MVCPA will determine the monetary value of MVCPA
intellectual property and will set license fees.
(1) In determining an appropriate fee for licensure
of MVCPA intellectual property, MVCPA will consider the:
(A) commercial rates for comparable property;
(B) development cost;
(C) intended use of the property;
(D) private or public status of the requestor; and
(E) primary beneficiary of the license.
(2) MVCPA may waive or reduce the amount of fees, royalties,
or other monetary value to be assessed if the MVCPA determines that
such waiver or reduction will further the goals and missions of the
MVCPA and result in a net benefit to the state. In making this determination,
MVCPA will consider whether:
(A) the licensee is a governmental entity;
(B) the intellectual property will be used for a commercial
(C) MVCPA is the primary beneficiary of the licensee's
use of the intellectual property; and
(D) MVCPA has an interest in maximizing the distribution
and use of the intellectual property.