California Business and Professions Code

§ 22371

BPC § 22371Div. 8 · Ch. 17 · Art. 1

Statute text

As used in this chapter, the following words have the following meanings:

(a)“Contract for invention development services” shall include a contract by which an invention developer undertakes to develop or promote an invention for a customer.

(b)“Customer” shall include any person, firm, corporation, or other entity that is solicited by, inquires about or seeks the services of, or enters into a contract for invention development services with an invention developer, except (1) any department or agency of the federal, state, or local government, (2) any charitable, scientific, educational, religious, or other organization qualified under Section 501(c)(3) or described in Section 170(b)(1)(a) of the Internal Revenue Code of 1954, as amended, and (3) any person, firm, corporation, or other entity regularly engaged in a trade, business, or profession which has either a net worth of one hundred thousand dollars ($100,000) or more or gross receipts from any source of fifty thousand dollars ($50,000) or more during the calendar year in which any contract for invention development services is signed.

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Legislative history

Added by Stats. 1975, Ch. 967.