Final answer:
The 1997 Revision of the Uniform Principal & Income Act allocates 90% to principal and 10% to income for amounts received from patents, copyrights, and royalties from intellectual property. This distribution consolidates the value of intellectual property as an asset and ensures an income stream from its exploitation.
Step-by-step explanation:
The 1997 Revision of the Uniform Principal & Income Act apportions the amounts received from patents, copyrights, and royalties from intellectual property. This law plays a crucial role in how the proceeds from intellectual property are divided, contributing to the incentive system that encourages innovation and the development of new technology. Given its legal nature, the allocation is intended to maintain a balance between the principal and the income beneficiaries of a trust or estate.
As for the correct allocation according to the 1997 Revision of the Uniform Principal & Income Act, it is as follows: 90% to principal, 10% to income. This distribution aligns with the general understanding that intellectual property rights are a valuable asset largely contributing to the value of the principal, while a smaller portion represents the income that can be derived from exploiting these rights.