Effective – 28 Aug 1995 417.400. Definitions. — As used in sections 417.400 to 417.436, the following terms mean: (1) “Contract”, an agreement by which an invention developer undertakes to develop or promote an invention for a customer; (2) “Customer”, any person who is solicited by, inquires about, seeks the services of, or enters into […]
Effective – 28 Aug 1995 417.403. Disclosures required to be made in writing by invention developer to customer, content. — In the first oral communication with a customer or in the first written response to an inquiry by a customer, other than an oral communication or written response the primary purpose of which is to […]
Effective – 28 Aug 1995 417.406. Contract for invention development services, form, content. — Every contract for invention development services shall set forth in at least 10-point boldface type, or equivalent size if handwritten, all of the following: (1) A full and detailed description of the acts or services that the invention developer undertakes to […]
Effective – 28 Aug 1995 417.409. Cover sheet required for contract content — additional information on cover prohibited. — 1. A contract for invention development services shall have a conspicuous and legible cover sheet attached. The cover sheet shall set forth: (1) The name, home address, office address and local address of the invention developer; […]
Effective – 28 Aug 1995 417.412. Termination of contract, procedure — service on contract not required, when. — Until payment for invention development services is made, the parties to a contract for invention development services have the option to terminate the contract. The customer may exercise the option by failing to make payment to the […]
Effective – 28 Aug 1995 417.415. Bond required for invention developer, when, amount — copy to be filed with department of economic development — cash deposit accepted instead of bond. — 1. Every invention developer rendering or offering to render invention development services in this state, who has had, or is affiliated with another who […]
Effective – 28 Aug 1995 417.418. Payment for services to be by check — taking other negotiable instrument, effect — contract limitation — execution of note or series of notes prohibited. — 1. In payment for invention development services, the invention developer shall not take from a customer a negotiable instrument other than a check […]
Effective – 28 Aug 1995 417.421. Records and correspondence retention requirement — customer’s right to copy, cost, procedure. — Every invention developer shall maintain all records and correspondence relating to performance of each invention development service contract for a period of not less than three years after expiration of the term of each such contract […]
Effective – 28 Aug 1995 417.424. Contract unenforceable against customer, when, exceptions — waiver by customer void, exception. — 1. Any contract for invention development services that does not comply with the applicable provisions of sections 417.400 to 417.436 is unenforceable against the customer as contrary to public policy; provided, that no contract is unenforceable […]
Effective – 28 Aug 1995 417.426. False or fraudulent statements, failure to make required disclosures, civil liability — damages — punitive damages, when — attorney general’s duties. — 1. Any invention developer who violates any provision of sections 417.400 to 417.436, or who makes any false or fraudulent statement, representation, or omission of material fact, […]
Effective – 28 Aug 1995 417.427. Confidentiality of all disclosures by customer, exceptions — waiver by customer must be in writing after receiving disclosure. — 1. An invention developer shall maintain as confidential and not use for his own benefit or for the benefit of others all disclosures made to him by a customer seeking […]
Effective – 28 Aug 1995 417.430. Assignee of invention developer subject to all claims and defenses of customer. — Any assignee of the invention developer’s rights shall be subject to all claims and defenses of the customer against the invention developer existing in favor of the customer at the time of the assignment. ——– (L. […]
Effective – 28 Aug 1995 417.433. Report in writing to be delivered quarterly to customer — content. — For each contract for invention development services, the invention developer, at least once each calendar quarter during the term of the contract, shall deliver to the customer at the address specified in the contract a written report […]
Effective – 28 Aug 1995 417.436. Invention developer law not exclusive subject to applicable laws. — The provisions of sections 417.400 to 417.436 are not exclusive and do not relieve the parties or the contract subject thereto from compliance with all other applicable provisions of law. ——– (L. 1995 S.B. 80 & 88)
