Section 417.409

Title XXVI TRADE AND COMMERCE

Chapter 417

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; and

  (2)  The following notice printed in bold-faced type of not less than 10-point size:

"The contract between you and the invention developer is regulated by sections 417.400 to 417.436.  You are not required to make any payments under this contract until seven working days after you sign this contract and receive a completed copy of it.

"You can terminate this contract at any time before you make payment. You can terminate this contract simply by not submitting the initial payment.

"If you assign a partial interest in the invention to the invention developer, the invention developer may have the right to assign or license the developer's interest in the invention, or make, use and sell the invention, without your consent.

"You are encouraged to consult with an attorney with experience in patent law before signing this contract.  By proceeding without the advice of an attorney with experience in patent law you could lose any rights you might have in your idea or invention.

"The performance of the services detailed in the contract provides no guarantee or promise of profits, or that your invention or idea will be purchased by a manufacturer.  The marketing or licensing of a new product is a difficult and uncertain process with no guarantee of success or profit.

"This contract does not provide any patent, copyright or trademark protection for your idea or invention.

"Your potential patent rights may be adversely affected by any attempt to commercialize your idea or invention before a patent application covering your idea is filed.  Nonconfidential disclosures of your idea or invention may also trigger certain statutory deadlines for filing a patent application in the United States and would prevent you from obtaining valid patent rights in countries whose laws provide that patent applications must be filed before any public disclosure.".

  2.  The cover notice may not contain anything in addition to the information required by subsection 1 of this section.

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(L. 1995 S.B. 80 & 88)