Frequently Asked Questions

  ADA/508 friendly site


How should applicable manufacturers and applicable group purchasing organizations report transfer royalties, which are financial interests in a company provided in conjunction with an intellectual property assignment?

Transfer royalties are reportable payments or other transfer of value for Open Payments. Transfer royalties are required to be reported using the general payment data specification. The appropriate “nature of payment” category for the payment or transfer of value would be “royalty or license.” The value of a transfer royalty should reflect the cost of the intellectual property that an applicable manufacturer or applicable group purchasing organization would pay to acquire the intellectual property from a covered recipient.

Key words: Open Payments, Sunshine Act

Was this answer helpful?