Okla. Stat. tit. 74, § 74-5064.6
This is the official text of Okla. Stat. tit. 74, § 74-5064.6, part of Oklahoma’s Stat. tit. 74, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 74,." Browse the sections below, each linked to its official government source.
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Proposals - Contracts
Official statutory text
A. The Oklahoma Center for the Advancement of Science and
Technology (OCAST) shall charge a filing fee of One Hundred Dollars
($100.00) for each proposal submitted for review and evaluation.
B. After review and evaluation, proposals shall be accepted or
rejected for development under the inventors assistance program.
OCAST shall not charge for any services to aid in the development of
the product. Services may include patent searches, market analysis,
product research and development, assistance in obtaining financing,
including financing from private sources, and business counseling,
if needed. Provided, OCAST shall receive a fee not to exceed an
amount equal to ten percent (10%) of all royalties from any product
developed under the inventors assistance program for a period of ten
(10) years from the first day after royalties are received from the
commercial licensing, rental or sale of the product.
C. Before services to aid in the development of the product
shall commence, OCAST shall enter into a contract with the inventor
which shall include, in addition to any other provisions consistent
with the provisions of Section 5064.1 et seq. of this title:
1. The services which OCAST will provide to aid in the
development of the product;
Oklahoma Statutes - Title 74. State Government Page 1154
2. Any other services which OCAST will assist the inventor in
obtaining and for which the inventor shall be liable pursuant to
written consent;
3. Authorization for OCAST to receive a fee not to exceed an
amount equal to ten percent (10%) of all royalties from the product
for a period of ten (10) years; and
4. An agreement from the inventor that all products developed
under the program shall be researched, developed, manufactured,
packaged and distributed from this state to the extent that it is
economically feasible. Provided, the fee not to exceed an amount
equal to ten percent (10%) of all royalties from products developed
under this program wherever manufactured shall accrue to this state
pursuant to the provisions of Section 5064.1 et seq. of this title.
Technology (OCAST) shall charge a filing fee of One Hundred Dollars
($100.00) for each proposal submitted for review and evaluation.
B. After review and evaluation, proposals shall be accepted or
rejected for development under the inventors assistance program.
OCAST shall not charge for any services to aid in the development of
the product. Services may include patent searches, market analysis,
product research and development, assistance in obtaining financing,
including financing from private sources, and business counseling,
if needed. Provided, OCAST shall receive a fee not to exceed an
amount equal to ten percent (10%) of all royalties from any product
developed under the inventors assistance program for a period of ten
(10) years from the first day after royalties are received from the
commercial licensing, rental or sale of the product.
C. Before services to aid in the development of the product
shall commence, OCAST shall enter into a contract with the inventor
which shall include, in addition to any other provisions consistent
with the provisions of Section 5064.1 et seq. of this title:
1. The services which OCAST will provide to aid in the
development of the product;
Oklahoma Statutes - Title 74. State Government Page 1154
2. Any other services which OCAST will assist the inventor in
obtaining and for which the inventor shall be liable pursuant to
written consent;
3. Authorization for OCAST to receive a fee not to exceed an
amount equal to ten percent (10%) of all royalties from the product
for a period of ten (10) years; and
4. An agreement from the inventor that all products developed
under the program shall be researched, developed, manufactured,
packaged and distributed from this state to the extent that it is
economically feasible. Provided, the fee not to exceed an amount
equal to ten percent (10%) of all royalties from products developed
under this program wherever manufactured shall accrue to this state
pursuant to the provisions of Section 5064.1 et seq. of this title.
Status: in_force · Read it on the official government site
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