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Re: Royalty Question


Baruch College's library wants to give permission to a vendor to 
market and sell certain custom made tutorials they developed for 
us. These tutorials are free to the public and the vendor will 
modify them (i.e. change content, branding, etc).  There are no 
IP issues and the vender assumes all cost.  The licensing 
agreement language has been approved and we need only to 
determine percentages.  Are there industry (university) standards 
that can be used to determine percentages?  We want to structure 
it so the College receives 5% of gross and I need to document 
support for this number.

Thank you for any assistance.