Ohio Code 184.114 – Required terms of agreement with recipient
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If the third frontier commission intends to award support for a research and development project under section 184.11 of the Revised Code to an individual or private entity, agency, institution, company, partnership, business trust, or other business entity or venture, or organization, the agreement governing the use of the support entered into under section 184.113 of the Revised Code shall require both of the following:
Terms Used In Ohio Code 184.114
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- state: means the state of Ohio. See Ohio Code 1.59
(A) The project shall primarily benefit this state.
(B) If the recipient of the support is not an in-state entity, it shall become an in-state entity not later than six months after entering into the agreement.