Virginia Code 2.2-2352: Definitions
Current as of: 2023 | Check for updates
|
Other versions
As used in this article, unless the context requires a different meaning:
Terms Used In Virginia Code 2.2-2352
- Authority: means the Commonwealth of Virginia Innovation Partnership Authority. See Virginia Code 2.2-2352
- Board: means the board of directors of the Authority. See Virginia Code 2.2-2352
- Index: means the Virginia Innovation Index. See Virginia Code 2.2-2352
- 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: includes any individual, corporation, partnership, association, cooperative, limited liability company, trust, joint venture, government, political subdivision, or any other legal or commercial entity and any successor, representative, agent, agency, or instrumentality thereof. See Virginia Code 1-230
- Process: includes subpoenas, the summons and complaint in a civil action, and process in statutory actions. See Virginia Code 1-237
“Authority” means the Commonwealth of Virginia Innovation Partnership Authority.
“Board” means the board of directors of the Authority.
“Founder” means a person who founds a company.
“Founder-friendly” means policies related to the transactional process of the development of technology, from research to commercialization, that are fair, transparent, and designed to enable the success of an inventor and business owner as the business grows.
“Index” means the Virginia Innovation Index.