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Office of the Revisor of Statutes

HF 1182 Senate Long Description

Modifying certain requirements for invention developers; requiring contracts to state invention developers full compliance with bonding requirements; increasing the surety bond requirement and expanding the requirement to advertising services, requiring the secretary of state to maintain a list of outstanding bonds filed; increasing the maximum damage award amount for violations; imposing a statute of limitations on actions for breach of contract; repealing the authority of invention developers to make cash deposits in lieu of bond(Ch. 190, 2001)