Holdings University Foundation Executive Director's Office Patent File Finding Aid Holdings University Foundation Executive Director's Office Patent File Finding Aid Title: Patent File, 1936-83
ID: 32/1/8
Primary Creator: University of Illinois Foundation
Extent: 3.0 cubic feet
Arrangement: by type of file (licensing agreements and patents) and alphabetical thereunder
Subjects: Patents, University Patents
Formats/Genres: Papers
Languages: English
Patent file including licensing agreements between the Foundation and corporate licensees and folders for patents which have been released to the inventors or where the invention was not registered for a patent. The licensing agreement folders include contracts, agreements and correspondence with Du Pont, RCA, Zenith and other corporations or licensees. The patent file includes foreign and domestic patent applications, U.S. Dept. of Commerce evaluations, registered patents and diagrams, assignments of patents, notes, photographs, documents relating to paten infringement suits and correspondence with Merriam, Smith and Marshall, University Patent Committee (1936-64) and University Patents, Inc. (1964-65) and attorneys for other parties. Section 17(C)(2) in the General Rules Concerning University Organization and Procedure provides that the Board of Trustees may direct that discoveries or inventions be transferred to the University of Illinois Foundation for commercial development.
This series includes patent committee and licensing agreement files relating to University Patents, Inc. (1963-83).
Established in 1935,1 the University of Illinois Foundation is a separate, non-profit corporation established to handle trusts, receive gifts and bequests, license patents and render other services to the University. It is managed by a Board of Directors. It acts as financial agent of the University in borrowing money for buildings and other major improvements.2 It has a service agreement with University Patents, Incorporated, which works out licensing arrangements with industrial firms for marketing faculty inventions which have been patented. The Foundation then invests the income in basic research.3
1. Board of Trustees Transactions, 38th Report, October 23, 1936, p. 442.
2. Ibid., pp. 442-43.
3. Gene Vance, University of Illinois Foundation, Director, Champaign-Urbana Campus.
URL: https://files.archon.library.illinois.edu/uasfa/3201008.pdf
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