Arkansas § 15-4-1402 Definitions

Arkansas Statutes

§ 15-4-1402 — Definitions

Arkansas § 15-4-1402

Title15

This text of Arkansas § 15-4-1402 (Definitions) is published on Counsel Stack Legal Research, covering Arkansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ark. Code Ann. § 15-4-1402 (2026).

Text

As used in this subchapter:

(1)"Center" means the Center for Prototype Development and Emerging Technologies to be developed and operated by the University of Arkansas at Little Rock;

(2)"Commercial state" means the point at which a product has been developed beyond the theoretical and prototype stage and is capable of being manufactured or practiced commercially;

(3)"Gross sales revenues" means all revenues or anything of value received by any person from the sale of a proprietary product;

(4)"Intellectual property" means patents, copyrights, or trademarks acquired pursuant to federal or state law or applications for patent or for copyright or trademark registration;

(5)"Inventor" means any person who conceives a new concept which may result in a proprietary product;

(6)"Person" mea

Free access — add to your briefcase to read the full text and ask questions with AI

As used in this subchapter: (1) "Center" means the Center for Prototype Development and Emerging Technologies to be developed and operated by the University of Arkansas at Little Rock; (2) "Commercial state" means the point at which a product has been developed beyond the theoretical and prototype stage and is capable of being manufactured or practiced commercially; (3) "Gross sales revenues" means all revenues or anything of value received by any person from the sale of a proprietary product; (4) "Intellectual property" means patents, copyrights, or trademarks acquired pursuant to federal or state law or applications for patent or for copyright or trademark registration; (5) "Inventor" means any person who conceives a new concept which may result in a proprietary product; (6) "Person" means any individual, sole proprietor, partnership, or corporation; (7) "Product" means any device, technique, process, item of manufacture, composition of matter, or work of authorship; (8) "Product development plan" means a plan prepared by the center for developing a product to the commercial state; (9) "Proposal" means a plan provided by the inventor which includes technical and descriptive information on a product; (10) "Proprietary product" means a product patented, copyrighted, or trademarked pursuant to federal or state law or for which an application for patent or for copyright or trademark registration is pending; and (11) "Royalties" means all things of value received by an inventor in connection with the licensing of a proprietary product or the assignment, sale, or licensing of intellectual property.