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02.01.07.00.htm 02.01.07.00. Title 02 OFFICE OF THE ATTORNEY GENERAL Subtitle 01 CONSUMER PROTECTION DIVISION Chapter 07 Invention Development Services Authority: Commercial Law Article, §13-205, Annotated Code of Maryland
02.01.07.01.htm 02.01.07.01. 01 General.. These regulations are promulgated pursuant to Commercial Law Article, § 13-205, Annotated Code of Maryland, Subtitle, "Division of Consumer Protection; Consumer Council" They shall apply to Chapter 362 of the Acts of 1977, which defines as an unfair or deceptive trade practice and thus prohibits under the provisions of Commercial Law Article, § 13-303. Annotated Code of Maryland, "deception, fraud, false pretense, misrepresentation, or knowing co
02.01.07.02.htm 02.01.07.02. 02 Findings.. A. The Consumer Protection Division of the office of the Attorney General and the Consumer Council find that Chapter 362 was enacted because of concern by the General Assembly regarding the practices of invention development services and, more particularly, because of concern as to whether those using these services were entitled to the benefits of the Consumer Protection Act.B. The Division and the Council further find that the General Assembly has
02.01.07.03.htm 02.01.07.03. 03 Definitions.. A. "Business day" means any calendar day except Sunday or the following business holidays: New Year's Day, Presidents' Day, Memorial Day, Independence Day, Labor Day, Columbus Day, Veterans' Day, Thanksgiving Day, and Christmas Day, all as celebrated by the State of Maryland.B. "Contract" or "contract for invention development services" for the purposes of these regulations, means a contract by which an invention developer undertakes invention dev
02.01.07.04.htm 02.01.07.04. 04 Contracts to be in Writing, Provided in Advance, and Contain Provision for Cancellation.. A. Every contract for invention development services shall be in writing, and a completed copy shall be given to the customer in accordance with the provisions of these regulations.B. No contract for invention development services may require payment or any portion thereof to be made by the customer until after 3 business days following the date on which the customer receives a
02.01.07.05.htm 02.01.07.05. 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
02.01.07.06.htm 02.01.07.06. 06 Mandatory Contract Provisions.. Every contract for invention development services shall set forth, in conspicuous and legible type, all of the following information:A. The terms and conditions of payment, which shall be consistent with the requirements of these regulations.B. A full, clear, and concise description of the specific acts or services which the invention developer contracts to perform for the customer for the stated consideration.C. A statement as to whet
02.01.07.07.htm 02.01.07.07. 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 s
02.01.07.08.htm 02.01.07.08. 08 Cancellation Notice.. A. Attached to the contract as a part thereof, there shall be a Notice of Cancellation, provided in duplicate and in easily detachable form, in not less than 10-point boldface type, which reads as follows: Notice of Cancellation (Date of contract) You may cancel this contract, without any penalty or obligation, within 3 business days from the above date. If you cancel, any property entrusted to (enter name of invention developer) and any payments
02.01.07.09.htm 02.01.07.09. 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.
02.01.07.10.htm 02.01.07.10. 10 Effective Date of Regulations.. These regulations shall be effective 30 days after notice of final action is published in the Maryland Register.
02.01.07.9999.htm 02.01.07.9999. Administrative History Effective date: March 10, 1978 (5:3 Md. R. 134).
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