| |
| |
Caption: Board of Trustees Minutes - 1946
This is a reduced-resolution page image for fast online browsing.
EXTRACTED TEXT FROM PAGE:
1945] UNIVERSITY OF ILLINOIS 615 shall belong to the University. The University agrees, as to patentable discoveries, that it will, on the request of the Sponsor and on the Sponsor's paying the cost of securing the patent, grant said Sponsor a royalty-free, exclusive license to the use of these discoveries for a period of five years following the issuance of the patent, and thereafter the license to the Sponsor shall be royalty-free and non-exclusive. "If the Sponsor shall fail to indicate in writing its readiness to pay the cost of procurement of a patent by the University within sixty (60) days after notice of a discovery has been given to said Sponsor by the University, then said Sponsor shall be entitled only to a non-exclusive license on terms substantially similar to those accorded other licensees to whom licenses may be granted by the University." I recommend that (1) the Board authorize the execution of an agreement with the Monsanto Chemical Company modified as indicated above; and (2) the Board Committee on Patents be instructed to consider this proposal as a general question, namely, as an alternate provision in all agreements covering research investigations when the sponsor requests the same. T h e President of the University w a s requested to get further information on this matter a n d to refer it to t h e Committee on Patents and to t h e full Board. DEDICATION O F AIRPORT The Executive Committee discussed with President Willard a n d P r o fessor Doland the organization for the dedication of t h e University of Illinois Airport on Friday, October 26, 1945. President Livingston appointed M r . Davis as chairman of t h e General Committee on Arrangements, with Professor J. J. Doland as a member and the Secretary of the Board a s Secretary of the Committee, with authority to form a committee a n d to appoint t h e necessary subcommittees, the chairmen of which should be members of the General Committee. T h e Executive Committee adjourned. H . E . C U N N I N G H A M , Clerk PARK LIVINGSTON, C H E S T E R R. D A V I S KARL A. MEYER Chairman
| |
