| http://www.w3.org/ns/prov#value | - An option is an agreement whereby a patent holder allows an outside party limited access to an invention for further development.UofL holds the patents, licenses and options of its faculty???s work and pays as much as a 50 percent royalty to the faculty members who made the discoveries. ???I believe that this is the most generous patent royalty policy of any university,??? Pierce said.It???s incen
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