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Caption: Board of Trustees Minutes - 1964
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1963] UNIVERSITY OF ILLINOIS 847 whether or not patentable, shall be and become the property of University; provided, however, that in the event a Visiting Industrial Associate is the inventor or co-inventor of such invention or inventions, title shall vest in University and to the extent permitted by contractural commitments by University to sponsors of the on-going research, Company may retain a royalty free, non-exclusive license with the additional right to sub-license to a supplier or other company where the purpose of said sub-license is for the manufacturing or developing of products for the sole use of the Company. The right to sub-license for purposes other than the sole use of the Company requires advance request by Company and approval by University in writing." All University officers concerned have been consulted and have approved, with Legal Counsel reserving the right to draft the precise language to be used. President Henry stated that he concurs. On motion of Mr. Johnston, this recommendation was approved. The Executive Committee adjourned. A. J. JANATA WAYNE A. JOHNSTON FRANCES B. W A T K I N S HOWARD W. CLEMENT Clerk Chairman
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