As used in Section 5064.1 et seq. of this title:
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. "Inventor" means any person who perceives a new concept which may result in a product or patentable process;
3. "Person" means any individual, sole proprietor, partnership or corporation;
4. "Product" means any device, technique or process;
5. "Proposal" means a plan provided by the inventor which includes technical and descriptive information on the concept; and
6. "Royalties" means all things of value received by an inventor in connection with the licensing, rental or sale of a product patented, in patent pending, or trademarked pursuant to federal law.
Added by Laws 1987, c. 121, § 3, eff. Nov. 1, 1987. Amended by Laws 1988, c. 313, § 2, emerg. eff. July 1, 1988.
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