Section 7
SEC. 7. Any provision of law to the contrary notwithstanding, any patentable invention, discovery, device or Process, or any other form of intellectual property, shall belong jointly to the University of the Philippines and to the scientist, scholar or researcher (or to the scientists, scholars, or researchers in case of joint projects) responsible for the same, whenever such invention, discovery, device, process or any other form of intellectual property is developed, created, invented or devised with the facilities or assistance in any form whatever, in whole or in part, extended by the Center in accordance with the existing rules and regulations of the Council. Such joint ownership shall only entitle the scientist, scholar or researcher concerned to receive royalties in such percentage and under such conditions as the Council may prescribe through appropriate rules and regulations: Provided, however, That such royalties shall not be less than twenty percent nor more than fifty per cent of the total net proceeds from such. Invention, discovery, device, process or other intellectual property: And Provided, further, That the entire share of the University of the Philippines therefrom, shall be applied exclusively for the purpose of the Center in accordance with this Act.