We will denote by , where is a multiplicatively closed subset of , the ring of fractions of with respect to (see definition \cite{atiyah} page 36).
(By the way, if is an integrity domain, is multiplicatively closed and is the field of fractions of .)
If is a prime ideal of then is multiplicatively closed, and we denote
It is called the localization of at . The elements of the form with and form an ideal of which is maximal. Take , i.e., .
Then, clearly, is a unit so is maximal and is unique. In other words: is a local ring.