2010 Tennessee Code
Title 47 - Commercial Instruments And Transactions
Chapter 25 - Trade Practices
Part 12 - Invention Development
47-25-1209 - Acquiring interest in invention by developer.
47-25-1209. Acquiring interest in invention by developer.
No invention developer shall acquire any interest, partial or whole, in the title to the customer's invention, unless the invention developer contracts to manufacture the invention and acquires such interest for such purpose at or about the time the contract for manufacture is executed. 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.
[Acts 1977, ch. 436, § 6; T.C.A., § 47-20-109.]
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