Business component definition
Business component means any product, process, computer software, technique, formula or invention held for sale, lease or license or used in trade or business of the taxpayer;
Business component of a taxpayer means any product, process, computer software, technique, formula, or invention which is to be held for sale, lease, or license or used by the taxpayer in a trade or business of the taxpayer. Any plant process, machinery, or technique for commercial production of a business component is treated as a separate business component and not as part of the business component being produced.
Business component means “any product, process, computer software, technique, formula, or invention” which is held for sale, lease, or license or used in the taxpayer’s business. In order to apply the section 41(d)(1) tests and obtain a research credit, the taxpayer must identify the business components for which it claims qualified research activities. (See, e.g., Bayer Corp. and Subs. v. United States (W.D.Pa. 2012) 850 F.Supp.2d 522, 540.)
Examples of Business component in a sentence
The applicable Delphi Affiliates are entitled to receive price increases for the Mexican Business component parts in connection with technical and engineering initiatives in accordance with the terms of the purchase orders and supply contracts relating to the Mexican Business.
You may also use this software with your licensed copies of Windows Small Business Server 2008 (“SBS 2008”), provided that your SBS 2008 users who access the software have been assigned licenses for the SBS 2011 Standard CAL Suite plus, in the case of users’ access to the SQL Server 2008 R2 Standard Edition for Small Business component of the software, licenses for the SBS 2011 Premium Add-on CAL Suite.
More Definitions of Business component
Business component means any product, process, computer software, technique,
Business component means a primary function the Enrollment Broker will be responsible for maintaining under the Contract. The primary functions are:
Business component means any product, process, computer software, technique, formula, or invention which is to be held for sale, lease, or license, or used by the taxpayer in a trade or business of the taxpayer.