As the accelerating technological innovation in high-tech industry, close and long-term research cooperation between University and enterprise becomes an inevitable requirement of industrial development, which is also an important channel for the university and research institutes in transformation of scientific and technological achievements, and building market orientation in scientific research. We viewed the University-enterprise Research Joint Venture(RJV) as an issue of “ optimal contracts under the condition of incomplete information”, and try to build a incentive-constraint balanced revenue distribution model on the bases of "revenue sharing" and "intellectual property ownership" , which works by means of “specific assets investment before the research”, “R&D efforts supervision during the research”, and “property constraint after research”. The study aims to provide decision-making support in contracting, implementation, supervision among the cooperative entities.