In connection with a contract for invention development services, the invention developer shall not take from a customer a negotiable instrument other than a check as evidence of the obligation of the customer. A holder is not a holder in due course if the holder takes a negotiable instrument taken from a customer in violation of this section.
1977 c 288 s 7; 1986 c 444
Structure Minnesota Statutes
Chapters 324 - 341 — Trade Regulations, Consumer Protection
Chapter 325A — Invention Services
Section 325A.01 — Definitions.
Section 325A.02 — General Contract Regulation.
Section 325A.03 — Right Of Cancellation.
Section 325A.04 — Mandatory Contract Form.
Section 325A.05 — Disclosures Made Prior To Contract.
Section 325A.06 — Financial Requirements.
Section 325A.07 — Restriction On Use Of Negotiable Instruments.