No invention developer shall acquire any interest, partial or whole, in the title to the customer's invention, unless the invention developer contracts to manufacture the invention and acquires such interest for such purpose at or about the time the contract for manufacture is executed. Nothing in this section shall be construed to prohibit an invention developer from contracting with a customer to receive a portion of any proceeds accruing to the customer as a result of performance of invention development services by the invention developer.
Structure 2021 Tennessee Code
Title 47 - Commercial Instruments and Transactions
Part 12 - Invention Development
§ 47-25-1201. Part Definitions
§ 47-25-1202. Advertising Compliance With Law Prohibited
§ 47-25-1203. Disclosure of Fees in Advertising
§ 47-25-1204. Initial Disclosures to Customer by Developer
§ 47-25-1206. Cancellation Option
§ 47-25-1207. Required Contents of Contract
§ 47-25-1208. Disclosures to Be Printed on Cover of Contract
§ 47-25-1209. Acquiring Interest in Invention by Developer
§ 47-25-1210. Right of Action Against Developer
§ 47-25-1211. Contracts in Violation of Part Void
§ 47-25-1212. Contracts Obtained by Fraud Void
§ 47-25-1213. Waiver of Customer Rights Void
§ 47-25-1214. Failure to Disclose — Contract Voidable
§ 47-25-1215. Progress Reports
§ 47-25-1216. Customer's Rights Unimpaired by Developer's Assignments
§ 47-25-1218. Deposit in Lieu of Bond