§ 681. Definitions
Oklahoma Statutes AnnotatedTitle 15. Contracts
15 Okl.St.Ann. § 681
§ 681. Definitions
As used in the Invention Development Services Act:
4. “Invention developer” means any person, firm, corporation or association and the agents, employees or representatives of the person, firm, corporation or association which develops or promotes or offers to develop or promote an invention of a customer in order that the invention of the customer may be patented, licensed or sold for manufacture or manufactured in large quantities. The term “invention developer” does not include:
e. any person, firm, corporation, association or other entity whose gross receipts from contracts for invention development services do not exceed ten percent (10%) of its gross receipts from all sources during the fiscal year preceding the year in which any contract for invention development services is signed.
For the purposes of this paragraph, “fee” shall include any payment made by the customer to the entity, including reimbursements for expenditures made or costs incurred by such entity, but shall not include a payment made from a portion of the income received by a customer by virtue of invention development services performed by the entity;
Credits
Laws 1991, c. 170, § 2, eff. Sept. 1, 1991.
15 Okl. St. Ann. § 681, OK ST T. 15 § 681
Current with emergency effective legislation through Chapter 3 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
End of Document |