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This Policy is promulgated for the purpose of implementing the Board of Governors’ (BOG) Policy on Conflicts of Interest and Commitment Affecting Faculty and Non-Faculty EHRA Employees.

This Policy provides guidelines to the UNC Health Care System (UNCHCS) and the University of the School of Medicine (SOM) Covered Personnel on how to engage with Vendors in ways that protect personal and institutional integrity.

The purpose of this Policy is to describe how faculty in the University of North Carolina at Chapel Hill School of Medicine’s Department of Health Sciences can engage in clinical external professional activities for pay, and to outline applicable parameters. This Policy is not intended to create an entitlement to perform clinical external professional activities.

The Office of Technology Commercialization (OTC) occasionally has the opportunity to acquire equity in companies on behalf of the University as consideration for a license agreement. Inclusion of equity in such agreements may be in the best interest of technology transfer. Young companies often do not have the requisite cash reserves to compete with an established company for rights to University technology.