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What is the PRF patent policy?

April 26, 2017patent policy

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What is the PRF patent policy?

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The following language from the agreement creating The ACS Petroleum Research Fund governs the policy with regard to patents: “None of the results of any such research shall be turned into profit by the recipient” and “Every patent, United States or foreign, that shall be taken out by or on behalf of the recipient or by or on behalf of any individual or institution acting at the direction of or on behalf of the recipient in carrying out such research shall be immediately dedicated to the public, royalty free.”