Okla. Stat. tit. 15, § 15-692
This is the official text of Okla. Stat. tit. 15, § 15-692, 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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Customer's right and title to any die, mold, form or
Official statutory text
pattern - Claim of possession - Transfer of title to molder - Notice
to customer.
A. In the absence of any agreement to the contrary, the
customer shall have all rights and title to any die, mold, form, or
pattern in the possession of the molder.
B. If a customer does not claim possession from a molder of a
die, mold, form, or pattern within three (3) years following the
last prior use thereof, all rights and title to any die, mold, form,
or pattern shall be transferred by operation of law to the molder
for the purpose of destroying or otherwise disposing of such die,
mold, form, or pattern, consistent with this section.
C. If a molder chooses to have all rights and title to any die,
mold, form, or pattern transferred to the molder by operation of
law, the molder shall send written notice by registered mail, return
receipt requested, to the chief executive office of the customer or,
if the customer is not a business entity, to the customer at the
customer's last-known address indicating that the molder intends to
terminate the customer's rights and title by having all such rights
Oklahoma Statutes - Title 15. Contracts Page 134
and title transferred to the molder by operation of law pursuant to
this section. Such notice shall include a statement of the
customer's rights as set forth in subsection D of this section.
D. 1. If a customer does not respond in person or by mail to
claim possession of the particular die, mold, form, or pattern
within one hundred twenty (120) days following the date the notice
was sent, or does not make other contractual arrangements with the
molder for storage of the die, mold, form, or pattern, all rights
and title of the customer, except patents and copyrights, shall
transfer by operation of law to the molder. Thereafter, the molder
may destroy or otherwise dispose of the particular die, mold, form,
or pattern as the molder's own property without any risk of
liability to the customer.
2. This subsection shall not be construed in any manner to
affect any right of the customer under federal patent or copyright
law or federal law pertaining to unfair competition.
to customer.
A. In the absence of any agreement to the contrary, the
customer shall have all rights and title to any die, mold, form, or
pattern in the possession of the molder.
B. If a customer does not claim possession from a molder of a
die, mold, form, or pattern within three (3) years following the
last prior use thereof, all rights and title to any die, mold, form,
or pattern shall be transferred by operation of law to the molder
for the purpose of destroying or otherwise disposing of such die,
mold, form, or pattern, consistent with this section.
C. If a molder chooses to have all rights and title to any die,
mold, form, or pattern transferred to the molder by operation of
law, the molder shall send written notice by registered mail, return
receipt requested, to the chief executive office of the customer or,
if the customer is not a business entity, to the customer at the
customer's last-known address indicating that the molder intends to
terminate the customer's rights and title by having all such rights
Oklahoma Statutes - Title 15. Contracts Page 134
and title transferred to the molder by operation of law pursuant to
this section. Such notice shall include a statement of the
customer's rights as set forth in subsection D of this section.
D. 1. If a customer does not respond in person or by mail to
claim possession of the particular die, mold, form, or pattern
within one hundred twenty (120) days following the date the notice
was sent, or does not make other contractual arrangements with the
molder for storage of the die, mold, form, or pattern, all rights
and title of the customer, except patents and copyrights, shall
transfer by operation of law to the molder. Thereafter, the molder
may destroy or otherwise dispose of the particular die, mold, form,
or pattern as the molder's own property without any risk of
liability to the customer.
2. This subsection shall not be construed in any manner to
affect any right of the customer under federal patent or copyright
law or federal law pertaining to unfair competition.
Status: in_force · Read it on the official government site
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