As used in this chapter, the following terms shall have the following meanings, unless a different meaning clearly appears from the context: 1. “Contract for invention development services” means a contract by which an invention developer undertakes invention development services for a customer. 2. “Customer” means any person, firm, partnership, corporation, or other entity that […]
A. Every contract for invention development services shall be in writing and shall be subject to the provisions of this chapter. A copy of the written contract shall be given to the customer at the time he signs the contract. B. If it is the invention developer’s normal practice to seek more than one contract […]
Every contract for invention development services shall have a conspicuous and legible cover sheet attached with the following notice imprinted thereon in boldface type of not less than 10-point size: 1. “This contract between you and an invention developer is regulated by Chapter 18 (§ 59.1-208 et seq.) of Title 59.1. You are not permitted […]
No invention developer shall acquire any interest, partial or whole, in the title to the customer’s invention or patent rights, unless the invention developer contracts to manufacture the invention and acquires such interest for such purpose at or about the time the contract for manufacture is executed. Nothing in this section shall be construed to […]
With respect to every contract for invention development services, the invention developer shall deliver to the customer at the address specified in the contract at least at quarterly intervals throughout the term of the contract a written report which identifies the contract and which includes: 1. A full, clear and concise description of the services […]
Every contract for invention development services shall set forth in boldface type of not less than ten-point size all of the following: 1. The terms and conditions of payment required by § 59.1-209. 2. A full, clear and concise description of the specific acts or services that the invention developer undertakes to perform for the […]
A. Any contract for invention development services which does not substantially comply with the applicable provisions of this chapter may be voidable at the option of the customer. Any contract for invention development services entered into in reliance upon any false, fraudulent or misleading information, representation, notice or advertisement of the invention developer may be […]
A. For the purpose of enforcing this chapter, the Attorney General is hereby authorized to conduct investigations and hold hearings and compel the attendance of witnesses and the production of accounts, books and documents by the issuance of subpoenas. B. The Attorney General shall enforce the provisions of this chapter, and shall have the right […]
