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Caption: Board of Trustees Minutes - 1974 This is a reduced-resolution page image for fast online browsing.
EXTRACTED TEXT FROM PAGE:
1973] UNIVERSITY OF ILLINOIS 363 SPECIAL NOTE WITH REGARD TO T H E FOLLOWING TWO ITEMS RELATING TO PATENTS President Corbally called the Trustees' attention to the next two agenda items which request Trustee approval of deviations from patent provisions in the General Rules relating to "preferential treatment'' for grantors of research support funds. He stated that he was recommending approval in both cases, with the understanding that no precedent of any kind is created by the action which might prejudice the revision of the patent provisions of the General Rules which the University Patent Committee is presently undertaking. AMERICAN IRON AND STEEL INSTITUTE PATENT CLAUSE I N PROPOSED GRANT (31) Professor John A. Schey of the Materials Engineering Department at Chicago Circle has submitted a proposal for a grant from the American Iron and Steel Institute for $25,000 per year for four years to study hot workability of steel. The American Iron and Steel Institute is a nonprofit organization; however, its members all are for-profit corporations. While no patents are expected as a result of this study, the memorandum of agreement of the American Iron and Steel Institute has a patents and inventions condition which, in accordance with the University patent policy, requires Board of Trustees approval. Upon application for any patent, either at the request of American Iron and Stee] Institute or otherwise, on any such invention or discovery by the Research Organization, the Research Organization shall grant to American Iron and Steel Institute an irrevocable, royalty-free, nonexclusive, nontransferable license authorizing the use of such invention or discovery by the other party, subject in either case to the right of American Iron and Steel Institute to grant irrevocable, royalty-free, nonexclusive and nontransferable sublicenses to its Company Members as defined by the Institute's Constitution and By-laws. The Vice President for Financial Affairs has recommended that the Board accept the grant of the American Iron and Steel Institute subject to its patent clause. I concur. On motion of Mr. Swain, this recommendation was approved, with the understanding that no precedent of any kind is created by this action which might prejudice the revision of the patent provisions of the General Rules which the University Patent Committee is presently undertaking. VOLKSWAGEN FOUNDATION GRANT TO CENTER FOR INTERNATIONAL COMPARATIVE STUDIES. URBANA (32) The Chancellor at the Urbana-Champaign campus has recommended the acceptance of a grant from the Volkswagen Foundation in the amount of 151,255DM ($66,000) to be utilized by the Center for International Comparative Studies at Urbana to conduct a research study of the policy-making role of the educational systems of the United Kingdom, France, Germany, Italy, and Sweden and the utilization of that role in social and educational issues. The Foundation reserves the right to share in the royalties from any invention, either by receiving therefrom an amount equal to the original award plus reasonable interest, or an appropriate share of the royalty receipts. If grant funds are utilized for lectures, articles, or other publications, approval of the Foundation must be obtained prior to publication. This provision, in accordance with University patent policy, requires Board of Trustees' approval. (Patentable inventions are not likely to result, and it is not contemplated that grant funds will be utilized for publication costs.) In order to facilitate the handling of financial transactions pertaining to the grant, it is further recommended that a bank account be established in the name of the University at the Deutsche Bank in Cologne, West Germany, to facilitate required payments for goods and services. I concur.
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