1. The university recognizes that the evaluation of inventions and discoveries and the administration, development and processing of patents and licensable inventors involves substantial time and expense and requires talents and experience not ordinarily found in its staff; therefore, in most cases, it expects to contract with outsiders for these services.  It may enter into a contract or contracts with an outside organization covering specific inventions or discoveries believed to be patentable and patents developed there from, or covering all such inventions, discoveries and patents in which the university has an interest.

2. The chancellor shall appoint a university patent committee consisting of no fewer than three members.  The committee shall review and recommend to the chancellor or the chancellor’s delegate changes in these procedures, decide upon appropriate disposition of invention disclosures, resolve questions of invention ownership, recommend to the chancellor the expenditure of invention royalties, and make such recommendations as are deemed appropriate to encourage disclosures and assure prompt and effective handling, evaluation, and prosecution of invention opportunities and to protect the interests of the university and the public.