Terms Used In Utah Code > Title 53B > Chapter 16 > Part 3 - Restricted Records

• Board: means the Utah Board of Higher Education described in Section 53B-1-402. See Utah Code 53B-1-101.5
• Contract: A legal written agreement that becomes binding when signed.
• Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
• 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.
• Person: means :

  (a)	a federal, state, or local governmental entity: (i)  that sponsors sponsored research; or (ii)  participates in a technology transfer;

  (b)	an individual;

  (c)	a nonprofit or profit corporation;

  (d)	a partnership;

  (e)	a sole proprietorship; or

  (f)

  other type of business organization. See Utah Code 53B-16-301 Process: means a writ or summons issued in the course of a judicial proceeding. See Utah Code 68-3-12.5 Property: includes both real and personal property. See Utah Code 68-3-12.5 Public institution of higher education: means an institution within the state system of higher education defined in Section 53B-1-102. See Utah Code 53B-16-301 Sponsored research: refers to research, training, and other sponsored activities as defined by the federal Executive Office of the President, Office of Management and Budget: (a)  conducted by a public institution of higher education through an office responsible for sponsored projects or programs; and (b)  funded or otherwise supported by an external person that is not created or controlled by the public institution of higher education. See Utah Code 53B-16-301 State: when applied to the different parts of the United States, includes a state, district, or territory of the United States. See Utah Code 68-3-12.5 Technology transfer: refers to transferring information, commercializing research, or providing technical assistance between a public institution of higher education and external persons for the purpose of economic development. See Utah Code 53B-16-301