Procurement Act
Concessions, including intellectual property
Concessions for property, whether tangible or intangible, including the assignment, license, sale, or transfer of interest in or rights to discoveries, inventions, patents, or copyrightable works, must be:
- reduced to writing,
- duration and terms are at discretion of the University of Illinois.
- can be awarded at discretion of the University,
Notice of award of such concessions must be published in an electronic Procurement Bulletin.
Examples of such concessions include:
leases of space on University property, vending services, private food
operations, etc.
Department must provide information on award of such concessions to the appropriate personnel in the Office of Business Affairs or other appropriate office so appropriate advertisement can be made in the electronic Procurement Bulletin. Intellectual property concessions will be handled separately.
Once the appropriate OBA or other personnel to whom this information should be submitted have been identified, further details of this requirement for information will be provided to departments.
