Oklahoma § 74-5066.2 - Definitions
Full text of Oklahoma Oklahoma Statutes § 74-5066.2 — Definitions, with citation guidance and answers to common questions.
§ 74-5066.2. Definitions
As used in this act:
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. "Intellectual property" means a patent, patent pending,
trademark, copyright or trade secret;
3. "Licensor" means the person who owns the intellectual
property rights of a product;
4. "Licensee" means the person to whom the intellectual
properties related to a product have been licensed or assigned;
5. "Person" means any individual, sole proprietor, partnership
or corporation;
6. "Product" means any device, technique or process;
7. "Royalties" means all things of value received by a licensor
in connection with the licensing, rental or sale of a product
patented, patent pending, copyrighted or trademarked pursuant to
federal law; and
Oklahoma Statutes - Title 74. State Government
8. "Strategic alliances" means a business agreement such as
licensing, joint venture partnership, etc., between two or more
persons.
Added by Laws 1992, c. 246, § 3, emerg. eff. May 21, 1992.
Frequently Asked Questions About Oklahoma § 74-5066.2
What does Oklahoma Statutes § 74-5066.2 cover?
Section 74-5066.2 ("Definitions") is part of the Oklahoma Statutes, the codified statutory law of Oklahoma. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Oklahoma § 74-5066.2?
A common citation format is "Oklahoma Statutes § 74-5066.2" (Oklahoma). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Oklahoma law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Oklahoma official source linked on this page or consult a licensed Oklahoma attorney.
How does Oklahoma § 74-5066.2 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Oklahoma can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Oklahoma.