The first committee, the Patent Screening Committee, will receive disclosure statements from the faculty and within 30 days decide if the university has a claim on the invention. If it decides the university has a claim, it will be forwarded to the second committee, the Patent Development Board. If the committee decides that the university has no claim, the disclosure statement will be sent to the President who will send it back to the inventor or override the screening committee and send it on to the Patent Development Board. If the Patent Development Board determines that the university has an interest in the invention, it will recommend to the President that the university file for a patent in the most appropriate manner in which to get the patent. The other major change has to do with the distribution of funds.
Current policy has some complicated formulas describing the division of funds.
At the end of each fiscal year, an audit report shall be distributed to all interested parties. Most of the rest of the changes were wording changes needed to accommodate for the two major changes. One other change needs to be mentioned. Dr. Lawry moved that the Patent Policy 1-0202 be approved by the Faculty Council as a policy of the university. Dr. Warde seconded the motion.