Okla. Stat. tit. 74 § 5066.5

Current through Laws 2024, c. 453.

Section 5066.5 - Agreement to pay royalty fee

The Oklahoma Department of Commerce may enter into an agreement with a potential licensor to receive a fee not to exceed an amount equal to twenty percent (20%) of all royalties from any product commercialized under the product development program for the life of the license.

Okla. Stat. tit. 74, § 5066.5

Added by Laws 1992, SB 643, c. 246, § 6, emerg. eff. 5/21/1992.