{"data":{"id":"us-ok/okla.-stat.-tit.-74-74-5064.6","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 74, § 74-5064.6","heading":"Proposals - Contracts","body":"A. The Oklahoma Center for the Advancement of Science and\n\nTechnology (OCAST) shall charge a filing fee of One Hundred Dollars\n\n($100.00) for each proposal submitted for review and evaluation.\n\nB. After review and evaluation, proposals shall be accepted or\n\nrejected for development under the inventors assistance program.\n\nOCAST shall not charge for any services to aid in the development of\n\nthe product. Services may include patent searches, market analysis,\n\nproduct research and development, assistance in obtaining financing,\n\nincluding financing from private sources, and business counseling,\n\nif needed. Provided, OCAST shall receive a fee not to exceed an\n\namount equal to ten percent (10%) of all royalties from any product\n\ndeveloped under the inventors assistance program for a period of ten\n\n(10) years from the first day after royalties are received from the\n\ncommercial licensing, rental or sale of the product.\n\nC. Before services to aid in the development of the product\n\nshall commence, OCAST shall enter into a contract with the inventor\n\nwhich shall include, in addition to any other provisions consistent\n\nwith the provisions of Section 5064.1 et seq. of this title:\n\n1. The services which OCAST will provide to aid in the\n\ndevelopment of the product;\n\n2. Any other services which OCAST will assist the inventor in\n\nobtaining and for which the inventor shall be liable pursuant to\n\nwritten consent;\n\n3. Authorization for OCAST to receive a fee not to exceed an\n\namount equal to ten percent (10%) of all royalties from the product\n\nfor a period of ten (10) years; and\n\n4. An agreement from the inventor that all products developed\n\nunder the program shall be researched, developed, manufactured,\n\npackaged and distributed from this state to the extent that it is\n\neconomically feasible. Provided, the fee not to exceed an amount\n\nequal to ten percent (10%) of all royalties from products developed\n\nunder this program wherever manufactured shall accrue to this state\n\npursuant to the provisions of Section 5064.1 et seq. of this title.","path":["OK Code","Title 74"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os74.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"265daab64ab7ad1e3624024b9f24971aff0bdd3f11d95bce9d4e4102f7e9d5fd","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-74-74-5064.5","next":"us-ok/okla.-stat.-tit.-74-74-5064.7"},"notice":"GroundRules: Original legal text. Not legal advice."}