Md. Code Regs. 02.01.07.09

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

Section 02.01.07.09 - Remedies

A. The customer may cancel any contract for invention development services by mailing or delivering a signed and dated copy of the notice of cancellation, or any other notice to the same effect, to the invention developer at the address provided for the invention developer in the notice of cancellation or elsewhere in the contract, not later than midnight of the third business day following the date on which the customer receives the completed copy of the contract.

B. Any contract for invention development services which does not substantially comply with the provisions of these regulations is voidable at the option of the customer.

C. Any contract for invention development services entered into in reliance upon deception, fraud, false pretense, misrepresentation, or knowing concealment, suppression, or omission of a material fact is voidable at the option of the customer.

D. If a customer makes a valid cancellation of the contract in accordance with these regulations, the invention developer shall, within 10 days following that act, return to the customer at the address furnished in the contract any payments made or other consideration given by the customer under that contract, as well as any property entrusted to the invention developer by the customer. In conjunction with this return, the invention developer may retain copies of the material for file records, which copies shall remain confidential.

E. The provisions of these regulations may not restrict any right to bring an action to recover for injury or loss sustained as a result of the matters dealt with in these regulations.

F. A customer may not waive nor may any contract contain a waiver of any of the provisions of these regulations.

Md. Code Regs. 02.01.07.09