Okla. Stat. tit. 74, § 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

8. "Strategic alliances" means a business agreement such as

licensing, joint venture partnership, etc., between two or more

persons.