Md. Code Regs. 02.01.07.05

Current through Register Vol. 52, No. 1, January 10, 2025

Section 02.01.07.05 - Contract Cover Sheet

A. Every contract for invention development services shall have a conspicuous and legible cover sheet with the following notice and required disclosures imprinted on it in boldface type of a minimum size of 10 points:

NOTICE

This contract between you and an invention developer and the actions taken by the invention developer on your behalf are subject to the jurisdiction of the Maryland Consumer Protection Division.

Full patent protection is the only possible legal protection obtainable for your invention. You are encouraged to consult with a patent attorney or licensed patent agent. Moreover, if you assign even a partial interest in the invention to another party such as the invention developer, that other party may then sell or dispose of the proprietary information regardless of your desires.

You are not required to make any payment under this contract until after 3 business days following the date on which you receive your completed copy of this contract.

You, the customer, may cancel this transaction at any time prior to midnight on the third business day following the date on which you receive your completed copy of this contract. See the attached Notice of Cancellation form for an explanation of this right.

REQUIRED DISCLOSURES

(1) This invention developer has been providing invention development services since _______ (year). The total number of customers who have contracted with this invention developer during that time, excluding those who have contracted for a preliminary patent search only, is ________.

(2) The total number of customers known by this invention developer to have received, by virtue of this invention developer's performance, an amount of money in excess of the amount paid by the customers to this invention developer is ________.

B. The invention developer shall complete the cover sheet with the proper information to be provided in the required disclosures. Numbers to be inserted in Required Disclosure #1 may be rounded to the nearest 100 and need not include those who have contracted within the 2 immediately preceding calendar months or parts thereof.

C. The cover sheet shall contain the items required by the provisions of Regulation .05A and B, of this chapter, the name, home office address, and local office address of the invention developer, and nothing more.

Md. Code Regs. 02.01.07.05