Business participation definition

Business participation means the participation of a person in any activity, the purpose of which is the commercial development or exploitation of intellectual property owned by the University. Such participation includes, but is not limited to, an equity interest, a consulting relationship, service on a Board of directors or similar body, a royalty interest, stock ownership, or any similar relationship.
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Examples of Business participation in a sentence

  • Small and/or Emerging Local Business participation and current SLEB certification status must be maintained for the term of the contract.

  • Any bidder falsely representing past or proposed Minority Business Enterprise / Emerging Small Business participation may be in breach of contract.

  • CDCR is committed to supporting Small/Micro Business participation in state contracting and seeks to use certified Small/Micro Businesses whenever possible.

  • Note: a business will not be considered to perform a “commercially useful function” if its role is limited to that of an extra participant in a transaction, contract, or project through which funds are passed in order to obtain the appearance of Small Business participation.

  • Independent of the committee, BSBO will evaluate the Small Diverse Business participation submittal and provide the Issuing Office with a rating for this component of each proposal.

  • The Offeror is required to submit two copies of its Small Diverse Business participation submittal.

  • All contracts containing Disadvantaged Business participation and/or Enterprise Zone Small Business participation must include a provision requiring Small Disadvantaged Business subcontractors, Enterprise Zone Small Business subcontractors and Small Disadvantaged Businesses or Enterprise Zone Small Businesses in a joint venture to perform at least 50% of the subcontract or Small Disadvantaged Business/Enterprise Zone Small Business participation portion of the joint venture.

  • All contracts containing Disadvantaged Business participation and/or Enterprise Zone Small Business participation must also include a provision requiring the selected contractor to meet and maintain those commitments made to Disadvantaged Businesses and/or Enterprise Zone Small Businesses at the time of proposal submittal or contract negotiation, unless a change in the commitment is approved by the BMWBO.

  • Also, this information will serve as a record of fulfillment of the commitment the selected contractor made and for which it received Small Diverse Business participation points.

  • However, no minimum level of Diverse Business participation shall be required as a condition of vendor selection.

Related to Business participation

  • Participation means an interest in a Loan that is acquired indirectly by way of a participation from a selling institution.

  • Participation Maximum shall have the meaning ascribed to such term in Section 4.12(a).

  • Specific contract participation goals means the goals as stipulated in the Preferential Procurement Regulations, 2001. In addition to above-mentioned goals, the Regulations [12. (1)] also make provision for organs of State to give particular consideration to procuring locally manufactured products.

  • Participation Rate means the rate of interest payable on the Loan to Participant by Administrative Agent-Servicer.