Every contract for invention development services shall have a conspicuous and legible cover sheet attached with the following notice imprinted thereon in boldface type of not less than 10-point size:
1. "This contract between you and an invention developer is regulated by Chapter 18 (§ 59.1-208 et seq.) of Title 59.1. You are not permitted or required to make any payments under this contract until four working days after you sign this contract and receive a completed copy of it."
2. A statement that the contract is a fee-for-service contract and that the invention developer makes no guarantees as to the success of the invention.
3. Information as to how a customer who feels that his rights have been violated pursuant to this chapter may lodge a complaint with the Consumer Protection Division at the Office of the Attorney General, including the Division's telephone number and directions as to how to file an online consumer complaint.
Such cover sheet shall contain only the notice required by this section.
1977, c. 649; 2014, c. 759.
Structure Code of Virginia
Title 59.1 - Trade and Commerce
Chapter 18 - Regulation of Invention Development Services
§ 59.1-209. Contracting requirements
§ 59.1-210. Standard provisions for cover notice
§ 59.1-211. Interest in inventions prohibited
§ 59.1-212. Reports to customer required
§ 59.1-213. Mandatory contract terms
§ 59.1-215. Enforcement; civil penalty; restraint of violations