Terms Used In Iowa Code 523G.8

  • Contract: A legal written agreement that becomes binding when signed.
  • Contract: means an agreement between an invention developer and a customer under which the invention developer promises to perform invention development services for the customer. See Iowa Code 523G.3
  • Invention: means an original concept which may be rendered into an artistic, educational, or technological expression, including works, compositions, designs, machines, manufacturing or engineering techniques, analyses, or processes. See Iowa Code 523G.3
 An invention developer shall maintain all records and correspondence relating to performance of each invention development contract for not less than three years after expiration of the contract.