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Who owns intellectual property created at The University of Texas at Austin?

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Who owns intellectual property created at The University of Texas at Austin?

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If the intellectual property was developed by an employee of UT Austin or invented at UT Austin facilities under the supervision of UT Austin personnel, the intellectual property is owned by The Board of Regents of The University of Texas (see Regents’ Rules). Each inventor must assign his or her rights in the intellectual property to the Board.

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