§15-681. Definitions.
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/ok/title-15-contracts/15-681·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
As used in the Invention Development Services Act:
1. "Contract for invention development services" includes a contract by which an invention developer undertakes to develop or promote an invention for a customer;
2. "Customer" means any natural person who is solicited by, inquires about, seeks the services of or enters into a contract with an invention developer for invention development services;
3. "Invention" includes a process, design, asexually reproduced plant, machine, manufacture, composition of matter, improvement upon the foregoing, or a concept;
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:
a. a partnership or corporation when all of its partners,
stockholders or members are licensed by a state or the
United States to render legal advice concerning
patents and trademarks, or a person so licensed,
b. a department or agency of the federal, state or local
government, including the inventor's assistance
program administered by the Oklahoma Center for the
Advancement of Science and Technology,
c. a charitable, scientific, education, religious or
other organization registered pursuant to state law,
d. a person, firm, corporation, association or other
entity that does not charge a fee for invention
development services, or
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;
5. "Invention development services" includes any act required or promised to be performed, or actually performed by an invention developer for a customer. Added by Laws 1991, c. 170, § 2, eff. Sept. 1, 1991. Amended by Laws 2024, c. 375, § 1, emerg. eff. June 5, 2024.