Illinois Compiled Statutes 815 ILCS 620 Illinois Fair Invention Development Standards Act. Section 303

    (815 ILCS 620/303) (from Ch. 29, par. 303)

    Sec. 303. Title to invention. No invention developer shall acquire any interest, partial or whole, in the title to the customer's invention as part of a contract for invention development services. Nothing in this Section shall be construed to prohibit an invention developer from contracting with a customer to receive a portion of any proceeds accruing to the customer as a result of performance of invention development services by the invention developer.

(Source: P.A. 81-542.)

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Last modified: February 18, 2015