Wyoming Statutes Title 9. Administration of the Government § 9-12-102. Definitions

(i) “Board” means the board of directors of the council;

(ii) “Council” means the Wyoming business council, the body corporate created by this article;

(iii) “Federal agency” means the United States, the President of the United States, and any department, corporation, agency, or instrumentality heretofore or hereafter created, designated, or established by the United States;

(iv) “Financial aid” means:

(v) “Person” means natural persons, firms, foundations, associations, corporations, business trusts, partnerships, joint ventures, and public bodies, including but not limited to the state of Wyoming, any state, and any agency, department, institution, political subdivision or instrumentality of Wyoming or any state;

(vi) “Product” means any product, device, technique or process, which is or may be exploitable commercially and includes products, devices, techniques or processes which have advanced beyond the theoretic stage and are readily capable of being, or have been, reduced to practice but excludes pure research;

(vii) “Venture” means any contractual arrangement with any person whereby the council obtains rights from or in a product or proceeds therefrom in exchange for the granting of financial aid to the person;

(viii) “This act” means W.S. 9-12-101 through 9-12-1509.