Form C

Abstract

India and abroad shall be borne equally between Institute and ISRO. Any/all financial accruals due to any commercial exploitation, of this patent shall be shared equally between them, on 50:50 basis. However any of the parties is free to utilize the IPR for their own use on non commercial basis. 5. The principal Investigator is required to submit two copies of yearly reports indicating the progress of the work accomplished. He is also required to submit two copies of a detailed technical report on the results of the research/development after the completion of the project. The reports will become the property of ISRO. 6. In addition, ISRO may designate Scientists/specialists to visit the Institution periodically for reviewing the progress of the work. 7. An inventory of items purchased from ISRO funds should be sent to ISRO, giving the description of equipment, cost in rupees, date of purchase and name of the supplier along with a purchase certificate from the Administration of the Institution. All items of equipments and unconsumable items costing more than Rs. 5,000/-shall remain the property of ISRO and ISRO reserves the right to transfer them or dispose of them on the termination of the project as ISRO may deem fit.