Okla. Stat. tit. 74 § 5064.3

Current through Laws 2024, c. 453.

Section 5064.3 - Definitions

As used in Section 5064.1 et seq. of this title:

1. "Commercial stage" means the point at which the product has advanced beyond the theoretical and prototype stage and is capable of being manufactured or reduced to practice commercially;

2. "Inventor" means any person who perceives a new concept which may result in a product or patentable process;

3. "Person" means any individual, sole proprietor, partnership or corporation;

4. "Product" means any device, technique or process;

5. "Proposal" means a plan provided by the inventor which includes technical and descriptive information on the concept; and

6. "Royalties" means all things of value received by an inventor in connection with the licensing, rental or sale of a product patented, in patent pending, or trademarked pursuant to federal law.

Okla. Stat. tit. 74, § 5064.3

Added by Laws 1987, SB 163, c. 121, § 3, eff. 11/1/1987; Amended by Laws 1988, SB 634, c. 313, § 2, emerg. eff. 7/1/1988.