417.409. Cover sheet required for contract content--additional information on cover prohibited. - Missouri Statutes

Cover sheet required for contract content--additional information oncover prohibited.

417.409. 1. A contract for invention development services shall havea conspicuous and legible cover sheet attached. The cover sheet shall setforth:

(1) The name, home address, office address and local address of theinvention developer; and

(2) The following notice printed in bold-faced type of not less than10-point size:

"The contract between you and the invention developer is regulated bysections 417.400 to 417.436. You are not required to make any paymentsunder this contract until seven working days after you sign this contractand 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 initialpayment.

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

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

"The performance of the services detailed in the contract provides noguarantee or promise of profits, or that your invention or idea will bepurchased by a manufacturer. The marketing or licensing of a new productis a difficult and uncertain process with no guarantee of success orprofit.

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

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

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

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