Research and development property definition
Research and development property means tangible personal property that has not previously been used in Indiana for any purpose and is acquired by the purchaser for the purpose of research and development activities.
Research and development property means consumables, cultures, samples and resulting products prior to regulatory approval, including clinical trial stocks and Research Animals, associated with Research Projects all contained within the Buildings and belonging to You for which You are responsible.
Research and development property means written, printed or inscribed documents, plans, records or formulas; processes or cultures and resulting products, samples or other materials produced by such processes or cultures; and prototypes, if produced and directly associated with your research and development operations. research and development property does not mean animals, money or securities, property held for sale or held for delivery after sale, goods you have manufactured which are in their completed state and ready for sale or mobile communication property.