Title 9 — Contracts and Obligations
18 chapters · 214 sections in this title.
N.D.C.C. § 9-14-01 Definitions
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As used in this chapter, unless the context otherwise requires: 1. "Contract for invention development services" includes a contract by which an invention developer undertakes to develop or promote an invention for a customer. 2. "Customer" means any individual who is solicited b…
N.D.C.C. § 9-14-02 Notice to customers
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1. Every contract for invention development services must be in writing and is subject to this chapter. A copy of each fully executed contract must be given to the customer at the time the customer signs the contract. 2. If one or more contracts are contemplated by the invention …
N.D.C.C. § 9-14-03 Right of cancellation
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1. Notwithstanding any contractual provision to the contrary, the customer has the unconditional right to cancel a contract for invention development services for any reason at any time before midnight of the third business day following the date the invention developer and the c…
N.D.C.C. § 9-14-04 Mandatory contract form
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1. A contract for invention development services must set forth the information required in this section in at least ten-point type or equivalent size if handwritten. 2. The following disclosure statement must be in boldface type and must be located conspicuously on a cover sheet…
N.D.C.C. § 9-14-05 Disclosures made prior to contract
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1. In either the first written communication from the invention developer to a specific customer or at the first personal meeting between the invention developer and a customer, whichever occurs first, the invention developer shall make a written disclosure to the customer of the…
N.D.C.C. § 9-14-06 Financial requirements
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1. Every invention developer rendering or offering to render invention development services in this state shall maintain a bond issued by a surety company authorized to do business in this state, and equal to either ten percent of the invention developer's gross income from the i…
N.D.C.C. § 9-14-07 Restriction on use of negotiable instruments
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In connection with a contract for invention development services, the invention developer may 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…
N.D.C.C. § 9-14-08 Records
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Every invention developer shall maintain all records and correspondence relating to performance of each invention development contract for a period of not less than three years after expiration of the term of the contract.
N.D.C.C. § 9-14-09 Remedies and enforcement
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1. The provisions of this chapter are not exclusive and do not relieve the parties or the contract from compliance with all other applicable laws. 2. Any contract for invention development services that does not comply with the applicable provisions of this chapter is unenforceab…