Texas Business and Commerce Code 52.106 – Quarterly Reports to Customer Required
Current as of: 2024 | Check for updates
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Terms Used In Texas Business and Commerce Code 52.106
- Contract: A legal written agreement that becomes binding when signed.
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
- Written: includes any representation of words, letters, symbols, or figures. See Texas Government Code 311.005
At least once each calendar quarter during the term of a contract for invention development services, the invention developer shall deliver to the customer at the address specified in the contract a written report that identifies the contract and contains:
(1) a full, clear, and concise description of the services performed up to the date of the report and of the services to be performed; and
(2) the name and address of each person to whom the subject matter of the contract has been disclosed, the reason for each disclosure, the nature of the disclosure, and copies of all responses received as a result of those disclosures.