Md. Code Regs. 02.01.07.07

Current through Register Vol. 51, No. 12, June 14, 2024

Section 02.01.07.07 - Reports Required

A. With respect to every contract for invention development services, the invention developer shall deliver written reports to the customer at the address specified in the contract, at quarterly intervals commencing not later than 3 months after the date of the contract and continuing throughout the term of the contract.

B. These written reports shall identify the contract and shall include:

(1) A full, clear, and concise description of the services performed to the date of the report and of the services yet to be performed; and

(2) The name and address of the persons, firms, corporations or other entities to which the subject matter forming the basis of the contract has been disclosed, the reason for every disclosure and copies of all responses received as a result of these disclosures. Information previously furnished to the customer need not be repeated, provided the invention developer retains copies of these communications with the records of that customer's contract. As to disclosures made at trade shows or exhibitions, the requirements of this regulation shall be met so long as the trade show, its date and location are identified in the report.

Md. Code Regs. 02.01.07.07