Terms Used In Iowa Code > Chapter 523G - Invention Development Services

• Commissioner: means the commissioner of insurance or a person designated by the commissioner to act on the commissioner's behalf. See Iowa Code 523G.3
• 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
• Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
• Customer: means a person who is solicited by, inquires about, seeks the services of, or enters into a contract with an invention developer. See Iowa Code 523G.3
• Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
• Deceptive practice: means communicating a false or fraudulent statement, providing false pretense, making a false promise or misleading statement, misrepresenting a fact, omitting a material fact, or failing to make all disclosures required by this chapter. See Iowa Code 523G.3
• Discovery: Lawyers' examination, before trial, of facts and documents in possession of the opponents to help the lawyers prepare for trial.
• engineering: means "professional engineer" or "professional engineering". See Iowa Code 542B.2
• Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
• Fee: means a payment made by a customer to an invention developer, including reimbursements for expenditures made or costs incurred by the invention developer. See Iowa Code 523G.3
• Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
• following: when used by way of reference to a chapter or other part of a statute mean the next preceding or next following chapter or other part. See Iowa Code 4.1
• Fraud: Intentional deception resulting in injury to another.
• 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
• Invention developer: means a person who performs invention development services in this state or offers, through any means of communication, to perform invention development services in this state. See Iowa Code 523G.3
• Money: means the same as defined in section 554. See Iowa Code 554E.1
• Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
• Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
• person: means individual, corporation, limited liability company, government or governmental subdivision or agency, business trust, estate, trust, partnership or association, or any other legal entity. See Iowa Code 4.1
• Record: means the same as defined in section 554D. See Iowa Code 554E.1
• Rule: includes "regulation". See Iowa Code 4.1
• Service of process: The service of writs or summonses to the appropriate party.
• services: means acts required, promised to be performed, or actually performed by an invention developer for a customer pursuant to a contract which involves facilitating the development, promotion, licensing, publishing, exhibiting, or marketing of an invention. See Iowa Code 523G.3
• Signature: includes an electronic signature as defined in section 554D. See Iowa Code 4.1
• state: when applied to the different parts of the United States, includes the District of Columbia and the territories, and the words "United States" may include the said district and territories. See Iowa Code 4.1
• United States: includes all the states. See Iowa Code 4.1
• year: means twelve consecutive months. See Iowa Code 4.1