Okla. Stat. tit. 15, § 15-684

This is the official text of Okla. Stat. tit. 15, § 15-684, part of Oklahoma’s Stat. tit. 15, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 15,." Browse the sections below, each linked to its official government source.

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Form and requisites of contract

Official statutory text

A contract for invention development services shall be in the

following form:

1. A contract for invention development services shall set

forth the information required in this section in at least 10-point

type;

2. The following disclosure statement shall be in boldface type

and shall be located conspicuously on a cover sheet that contains no

other writing:

"The following disclosures are required by law and are expressly

made a part of this contract: You have the right to cancel this

contract for any reason at any time within three (3) business days

from the date you and the invention developer sign the contract and

you receive a fully executed copy of it. To exercise this option

you may use certified mail or personally deliver to this invention

developer written notice of your cancellation. The method and time

for notification is set forth in this contract immediately above the

place for your signature. Upon cancellation, the invention

developer must return by certified mail or personal delivery, within

ten (10) business days after receipt of the cancellation notice, all

money paid and all materials provided either by you or by another

party in your behalf.

Unless the invention developer is a registered patent attorney

or registered patent agent, he is not permitted to give you legal

advice concerning patent, copyright or trademark law or to advise

you of whether your idea or invention may be patentable or may be

Oklahoma Statutes - Title 15. Contracts Page 129

protected under the patent, copyright or trademark laws of the

United States or any other law.

No patent, copyright or trademark protection will be acquired

for you by the invention developer or by this contract. Your

failure to inquire into the law governing patent, copyright or

trademark matters may jeopardize your rights in your idea or

invention both in the United States and in foreign countries. Your

failure to identify and investigate existing patents, trademarks or

registered copyrights may place you in jeopardy of infringing the

copyrights, patent or trademark rights of other persons if you

proceed to make, use, distribute or sell your idea or invention.";

3. The contract shall describe fully and in detail the acts or

services that the invention developer contracts to perform for the

customer;

4. The contract shall state whether the invention developer

contracts to construct one or more prototypes, models or devices

embodying the invention of the customer, the number of such

prototypes to be constructed and whether the invention developer

contracts to sell or distribute such prototypes, models or devices;

5. If an oral or written estimate of customer earning is made,

the contract shall state the estimate and the data upon which it is

based;

6. In a single statement the contract shall set forth both:

a. the total number of customers who have contracted with

the invention developer, except that the number need

not reflect those customers who have contracted within

the last thirty (30) days, and

b. the number of customers who have received, by virtue

of the invention developer's performance of invention

development services, an amount of money in excess of

the amount of money paid by such customers to the

invention developer pursuant to a contract for

invention development services;

7. The contract shall state the expected date of completion of

the invention development services;

8. The contract shall state whether and the extent to which it

effectuates or makes possible the purchase by the invention

developer of an interest in the title to the invention of the

customer;

9. The contract shall explain that the invention developer is

required to maintain all records and correspondence relating to

performance of the invention development services for that customer

for a period not less than three (3) years after expiration of the

term of the contract for invention development services;
ion

developer of an interest in the title to the invention of the

customer;

9. The contract shall explain that the invention developer is

required to maintain all records and correspondence relating to

performance of the invention development services for that customer

for a period not less than three (3) years after expiration of the

term of the contract for invention development services;

10. The contract shall state that the records and

correspondence required to be maintained pursuant to Section 9 of

this act shall be made available to the customer or his

Oklahoma Statutes - Title 15. Contracts Page 130

representative for review and copying at the expense of the customer

on the premises of the invention developer during normal business

hours upon seven (7) days' written notice, the time period to begin

from the date the notice is sent by certified mail;

11. The contract shall state the name of the person or firm

contracting to perform the invention development services, all names

under which said person or firm is doing or has done business as an

invention developer during the previous ten (10) years, the names of

all parent and subsidiary companies to the firm and the names of all

companies that have a contractual obligation to the firm to perform

invention development services; and

12. The contract shall state the principal business address of

the invention developer and the name and address of its agent in

this state authorized to receive service of process in this state.

Status: in_force · Read it on the official government site

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About this page: Statute text is reproduced from official government publishers via the Open US Law dataset (Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine (Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.