§59.1-212. Reports to customer required

Published: 2015

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§ 59.1-212. Reports to customer required.

With respect to every contract for invention development services, the invention developer shall deliver to the customer at the address specified in the contract at least at quarterly intervals throughout the term of the contract a written report which identifies the contract and which includes:
1. A full, clear and concise description of the services performed to the date of the report and of the services yet to be performed; and
2. A full accounting of the application of the proceeds of the fee referred to in § 59.1-213 (6) to the date of the report; and
3. The name and address of each and every person, firm or corporation to whom the subject matter of the contract has been disclosed, the reason for each and every disclosure, and copies of all responses received as a result of such disclosures.
1977, c. 649.