reglab/housing_qa huggingface dataset:
815 ILCS 602/Art. 80 heading
2021 Illinois Compiled Statutes|Chapter 815 - BUSINESS TRANSACTIONS|815 ILCS 602/ - Business Opportunity Sales Law of 1995.|Article 80 - (Amendatory Provisions; Text Omitted)

(815 ILCS 602/Art. 80 heading) ARTICLE 80  (Amendatory provisions; text omitted)
815 ILCS 602/Art. 99 heading
2021 Illinois Compiled Statutes|Chapter 815 - BUSINESS TRANSACTIONS|815 ILCS 602/ - Business Opportunity Sales Law of 1995.|Article 99

 ARTICLE 99
815 ILCS 602/99-1
2021 Illinois Compiled Statutes|Chapter 815 - BUSINESS TRANSACTIONS|815 ILCS 602/ - Business Opportunity Sales Law of 1995.|Article 99

(815 ILCS 602/99-1)Sec. 99-1.     Effective date.     This Act takes effect January 1, 1996.    (Source: P.A. 89-209, eff. 1-1-96.)
815 ILCS 620/Art. I heading
2021 Illinois Compiled Statutes|Chapter 815 - BUSINESS TRANSACTIONS|815 ILCS 620/ - Illinois Fair Invention Development Standards Act.|Article I - General Provisions

 ARTICLE I.      GENERAL PROVISIONS
815 ILCS 620/101
2021 Illinois Compiled Statutes|Chapter 815 - BUSINESS TRANSACTIONS|815 ILCS 620/ - Illinois Fair Invention Development Standards Act.|Article I - General Provisions

 (from Ch. 29, par. 101)Sec. 101.     Short title.     This Act shall be known and may be cited as the  "Illinois Fair Invention Development Standards Act".    (Source: P.A. 81-542.)
815 ILCS 620/102
2021 Illinois Compiled Statutes|Chapter 815 - BUSINESS TRANSACTIONS|815 ILCS 620/ - Illinois Fair Invention Development Standards Act.|Article I - General Provisions

 (from Ch. 29, par. 102)Sec. 102.     Legislative intent.     The purpose of this Act is to safeguard the  public against fraud, deceit, imposition of financial hardship, and to foster  and encourage competition, fair dealing, and prosperity in the field of  idea and invention development services by prohibiting or restricting false  and misleading advertising, onerous contract terms, harmful financial practices,  and other unfair, dishonest, deceptive, destructive, unscrupulous, fraudulent,  and discriminatory practices by which the public has been injured in connection  with such development services, but not to interfere with or further regulate  by this Act, those persons who provide researching, marketing, surveying,  or other kinds of consulting services to professional manufacturers, marketers,  publishers or others purchasing such services as  an adjunct to the traditional commercial enterprises in which they engage  as a livelihood.Representation of a client by an attorney in connection with the sale or  licensing of an invention is not intended to be regulated by this Act.    (Source: P.A. 81-542.)
815 ILCS 620/103
2021 Illinois Compiled Statutes|Chapter 815 - BUSINESS TRANSACTIONS|815 ILCS 620/ - Illinois Fair Invention Development Standards Act.|Article I - General Provisions

(815 ILCS 620/103) (from Ch. 29, par. 103)Sec. 103.     Definitions.     As used in this Act, unless the context otherwise requires:(a) "Invention Development Services" shall include at least one of the  following: (1) evaluation of the market potential of an invention; and (2)  representation of an invention to potential distributors or to potential  manufacturers of the invention.(b) "Contract for invention development services" shall include a contract  by which an invention developer undertakes to perform invention development  services for a customer.(c) "Customer" shall include any person, firm, corporation, association,  or other entity that is solicited by, inquires about or seeks the services  of, or enters into a contract for invention development services with an  invention developer.(d) "Invention" shall mean any discovery, process, method, apparatus,  machine, design, formulation, composition, product, concept, idea or any  combination thereof.(e) "Invention developer" shall mean any person, firm, corporation, association  or other entity and the agents, employees or representatives of such person,  firm, corporation, association, or other entity that performs invention development  services, except (1) any department or agency of the federal, state or local  government, (2) any charitable, scientific, educational, religious, or other  organization qualified under Section 501(c)(3) or described in Section 170(b)(1)(A)  of the Internal Revenue Code of 1954, as amended, or (3) any person, firm,  corporation, association or other entity that does not charge a fee for  invention development services. For the purposes of this paragraph, "fee"  shall include any payment made by the customer to such entity including  reimbursements for expenditures made or costs incurred by such entity but  shall not include any payment made from a portion of the income received  by a customer by virtue of invention development services performed by such entity.    (Source: P.A. 81-542.)
815 ILCS 620/Art. II heading
2021 Illinois Compiled Statutes|Chapter 815 - BUSINESS TRANSACTIONS|815 ILCS 620/ - Illinois Fair Invention Development Standards Act.|Article II - Disclosures Made Prior To Contract

 ARTICLE II.      DISCLOSURES MADE PRIOR TO CONTRACT
815 ILCS 620/201
2021 Illinois Compiled Statutes|Chapter 815 - BUSINESS TRANSACTIONS|815 ILCS 620/ - Illinois Fair Invention Development Standards Act.|Article II - Disclosures Made Prior To Contract

 (from Ch. 29, par. 201)Sec. 201.     Disclosure of fee in advertising.     Every invention developer  who charges a fee or requires any consideration for his invention development  services must clearly and conspicuously disclose such fact in every advertisement  of such services.    (Source: P.A. 81-542.)
815 ILCS 620/202
2021 Illinois Compiled Statutes|Chapter 815 - BUSINESS TRANSACTIONS|815 ILCS 620/ - Illinois Fair Invention Development Standards Act.|Article II - Disclosures Made Prior To Contract

(815 ILCS 620/202) (from Ch. 29, par. 202)Sec. 202.     Disclosures to customer.     In the first oral communication  with a customer or in the first written response to an inquiry by a  customer; or other than an oral communication or written response the  primary purpose of which is to arrange an appointment with the invention  developer for presentation of his invention development services, the  invention developer shall cause the following disclosures to be made in  writing and delivered to each customer:(a) A statement of the fee charged, if known, or a statement of the  approximate range of fees charged; and a statement of the approximate  portion of the fee charged, if any, that will be expended for services  relating to patent matters.(b) A statement that the invention developer does not intend to  expend more for the invention development services than  the fee charged the customer, if, in fact, it does not, and if it does  intend to expend more than the fee charged, a statement of the estimated  expenditures of the invention developer in excess of the fee received  from the customer.(c) A statement as follows:"Any contract for invention development services between you and  ourselves will be regulated by law. We are not qualified or permitted to  advise you whether protection of your invention is available under the  patent laws of the United States or any other laws. If your invention is  patentable or infringes an existing valid patent, your failure to  inquire into these matters may affect your rights to your invention.  Disclosure of your invention on a nonconfidential basis may also  adversely affect your rights."    (Source: P.A. 81-1509.)
815 ILCS 620/Art. III heading
2021 Illinois Compiled Statutes|Chapter 815 - BUSINESS TRANSACTIONS|815 ILCS 620/ - Illinois Fair Invention Development Standards Act.|Article III - General Regulatory Provisions

 ARTICLE III.      GENERAL REGULATORY PROVISIONS
815 ILCS 620/301
2021 Illinois Compiled Statutes|Chapter 815 - BUSINESS TRANSACTIONS|815 ILCS 620/ - Illinois Fair Invention Development Standards Act.|Article III - General Regulatory Provisions

 (from Ch. 29, par. 301)Sec. 301.     Contracts.     Every contract for invention development services  shall be in writing and shall be subject to the provisions of this Act.  A copy of the written contract shall be given to the customer for him to  retain at the time he signs the contract.    (Source: P.A. 81-542.)
815 ILCS 620/302
2021 Illinois Compiled Statutes|Chapter 815 - BUSINESS TRANSACTIONS|815 ILCS 620/ - Illinois Fair Invention Development Standards Act.|Article III - General Regulatory Provisions

 (from Ch. 29, par. 302)Sec. 302.     Notice on contract.     Each and every contract for invention development  services shall carry a distinctive and conspicuous cover sheet with the  following notice to the customer printed thereon in boldface type of not  less than 10-point size or equivalent size if handwritten:"The following disclosures are required by law:You have the right to cancel this contract for any reason at any time within  7 days from the date you receive a copy of it signed by all parties  to the contract. To exercise this option you need only mail or deliver to  the other party written notice of your cancellation. The method and time  for notification is set forth in this contract immediately above the place  for your signature. Upon your cancellation, the other party must return  by mail, within 5 business days, all money paid and all materials provided by you.This contract is regulated by law. The other party to this contract is  not qualified or permitted to advise you whether protection of your invention  is available under the patent laws of the United States or any other laws.  If your invention is patentable or infringes an existing patent, your failure  to inquire into these matters may affect your rights to your invention.  Disclosure of your invention on a nonconfidential basis may also adversely  affect your rights."    (Source: P.A. 81-542.)
815 ILCS 620/303
2021 Illinois Compiled Statutes|Chapter 815 - BUSINESS TRANSACTIONS|815 ILCS 620/ - Illinois Fair Invention Development Standards Act.|Article III - General Regulatory Provisions

 (from Ch. 29, par. 303)Sec. 303.     Title to invention.     No invention developer shall acquire any  interest, partial or whole, in the title to the customer's invention as  part of a contract for invention development services. 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.    (Source: P.A. 81-542.)
815 ILCS 620/304
2021 Illinois Compiled Statutes|Chapter 815 - BUSINESS TRANSACTIONS|815 ILCS 620/ - Illinois Fair Invention Development Standards Act.|Article III - General Regulatory Provisions

 (from Ch. 29, par. 304)Sec. 304.     Rights of customer against third parties.     No contract for invention  development services shall require the execution of any note or series of  notes by the customer which, when separately negotiated, will cut off as  to third parties any right of action or defense which the customer may have  against the invention developer.    (Source: P.A. 81-542.)
815 ILCS 620/305
2021 Illinois Compiled Statutes|Chapter 815 - BUSINESS TRANSACTIONS|815 ILCS 620/ - Illinois Fair Invention Development Standards Act.|Article III - General Regulatory Provisions

(815 ILCS 620/305) (from Ch. 29, par. 305)Sec. 305.     Rights of customer against assignee of invention developer.     Any  assignee of the invention developer's rights is subject to all equities  and defenses of the customer against the invention developer existing in  favor of the customer at the time of the assignment.    (Source: P.A. 81-542.)
815 ILCS 620/Art. IV heading
2021 Illinois Compiled Statutes|Chapter 815 - BUSINESS TRANSACTIONS|815 ILCS 620/ - Illinois Fair Invention Development Standards Act.|Article IV - Mandatory Contract Terms

 ARTICLE IV.      MANDATORY CONTRACT TERMS
815 ILCS 620/402
2021 Illinois Compiled Statutes|Chapter 815 - BUSINESS TRANSACTIONS|815 ILCS 620/ - Illinois Fair Invention Development Standards Act.|Article IV - Mandatory Contract Terms

(815 ILCS 620/402) (from Ch. 29, par. 402)Sec. 402.     Right of cancellation.     Each party's right of cancellation of  the contract shall be maintained:(a) Notwithstanding any contractual provision to the contrary, the invention  developer and the customer shall each have the right to cancel a contract  for invention development services, for any reason, at the time within 7  days of the date the cancelling party receives a fully executed copy of  the contract. Cancellation shall be effected by written notice mailed or  delivered to the invention developer or the customer. If said notice is  mailed, it must be postmarked by midnight of the last day of the cancellation  period unless such last day falls on a Sunday or a holiday recognized in  Illinois in which case it must be postmarked by midnight of the next following  business day. If the notice is delivered, it must be delivered by the end  of the last day of the cancellation period and during normal business hours,  unless the last day falls on a Sunday or a holiday recognized in Illinois  in which case delivery may be made during the next normal business day.  Within 5 business days after mailing or delivery of such notice of cancellation  by the invention developer or receipt of such notice of cancellation by  the customer, the invention developer shall return to the customer, by mail,  all moneys paid and all materials provided by the customer.  Within 5 business  days after mailing or delivery of such notice of cancellation by the customer  or receipt of such notice of cancellation by the invention developer, the  invention developer shall return to the customer, by mail, all moneys paid  and all materials provided by the customer.(b) The provisions of subparagraph (a) of Section 402 shall apply to every  contract executed between an invention developer and a customer.  Each such  contract shall contain the following statement in type bolder than that  of the surrounding text immediately above the place at which the customer  signs the contract:  "The 7 day period during which you may cancel this  contract for any reason by mailing or delivering written notice to the other  party will expire 7 days from the date you receive a fully executed copy  of this contract. If you choose to mail your notice, it must be placed in  the United States mail properly addressed first-class postage prepaid and  postmarked before midnight of that date. If you choose to deliver  your notice to the other party directly, it must be delivered by the end  of business on that date."    (Source: P.A. 81-542.)
815 ILCS 620/Art. V heading
2021 Illinois Compiled Statutes|Chapter 815 - BUSINESS TRANSACTIONS|815 ILCS 620/ - Illinois Fair Invention Development Standards Act.|Article V - Remedies And Enforcement

 ARTICLE V.      REMEDIES AND ENFORCEMENT
815 ILCS 620/501
2021 Illinois Compiled Statutes|Chapter 815 - BUSINESS TRANSACTIONS|815 ILCS 620/ - Illinois Fair Invention Development Standards Act.|Article V - Remedies And Enforcement

 (from Ch. 29, par. 501)Sec. 501.     Application of other law.     The provisions of this Act are not  exclusive and do not relieve the parties or the contract subject thereto  from compliance with all other applicable provisions of law.    (Source: P.A. 81-542.)
815 ILCS 620/502
2021 Illinois Compiled Statutes|Chapter 815 - BUSINESS TRANSACTIONS|815 ILCS 620/ - Illinois Fair Invention Development Standards Act.|Article V - Remedies And Enforcement

 (from Ch. 29, par. 502)Sec. 502.     Unenforceability of contract for noncompliance.     Any contract  for invention development services which does not comply with the applicable  provisions of this Act shall be void and unenforceable as contrary to public  policy, provided that no contract shall be void and unenforceable if the  invention developer proves that noncompliance was unintentional and resulted  from a bona fide error notwithstanding the use of reasonable procedures adopted  to avoid any such errors and makes an appropriate correction.    (Source: P.A. 81-542.)
815 ILCS 620/503
2021 Illinois Compiled Statutes|Chapter 815 - BUSINESS TRANSACTIONS|815 ILCS 620/ - Illinois Fair Invention Development Standards Act.|Article V - Remedies And Enforcement

 (from Ch. 29, par. 503)Sec. 503.     Unenforceability of contract for fraud.     Any contract for invention  development services entered into in reliance upon any false, fraudulent,  deceptive or misleading opinion, statement or other representation by the  invention developer shall be void and unenforceable.    (Source: P.A. 81-542.)
815 ILCS 620/504
2021 Illinois Compiled Statutes|Chapter 815 - BUSINESS TRANSACTIONS|815 ILCS 620/ - Illinois Fair Invention Development Standards Act.|Article V - Remedies And Enforcement

 (from Ch. 29, par. 504)Sec. 504.     Nonwaiver of Act by customer.     Any waiver by the customer of the  provisions of this Act shall be deemed contrary to public policy and shall  be void and unenforceable.    (Source: P.A. 81-542.)
815 ILCS 620/505
2021 Illinois Compiled Statutes|Chapter 815 - BUSINESS TRANSACTIONS|815 ILCS 620/ - Illinois Fair Invention Development Standards Act.|Article V - Remedies And Enforcement

 (from Ch. 29, par. 505)Sec. 505.     Damages and attorneys fees.     Any person who has been injured  by a violation of this Act by an invention developer or by any false or  fraudulent statement, representation, or omission of material fact by an  invention developer, may bring a civil action against the invention developer  for the greater of the following amounts:(1) $3,000, or(2) Three times the amount of the actual damages, if any, sustained by  the customer. In addition to the greater of the preceding amounts, the court  may award reasonable attorney's fees to the customer.    (Source: P.A. 81-542.)
815 ILCS 620/506
2021 Illinois Compiled Statutes|Chapter 815 - BUSINESS TRANSACTIONS|815 ILCS 620/ - Illinois Fair Invention Development Standards Act.|Article V - Remedies And Enforcement

 (from Ch. 29, par. 506)Sec. 506.     Offenses.     Any invention developer who wilfully violates any  provision of this Act, or wilfully enters an invention development  contract which omits any duty or disclosure required by this Act, is guilty  of a Class B misdemeanor.    (Source: P.A. 81-542.)
815 ILCS 620/507
2021 Illinois Compiled Statutes|Chapter 815 - BUSINESS TRANSACTIONS|815 ILCS 620/ - Illinois Fair Invention Development Standards Act.|Article V - Remedies And Enforcement

 (from Ch. 29, par. 507)Sec. 507.     Injunction.     Any circuit court of this State shall have jurisdiction  in equity to restrain and enjoin the violation of any of the provisions  of this Act relating to invention development services and contracts therefor.    (Source: P.A. 81-542.)
815 ILCS 620/508
2021 Illinois Compiled Statutes|Chapter 815 - BUSINESS TRANSACTIONS|815 ILCS 620/ - Illinois Fair Invention Development Standards Act.|Article V - Remedies And Enforcement

 (from Ch. 29, par. 508)Sec. 508.     Enforcement.     The duty to institute actions for violations  of this Act, including equity proceedings to restrain and enjoin such violations,  is hereby vested in the Attorney General and State's attorneys. The Attorney  General or State's attorneys may prosecute misdemeanor actions or institute  equity proceedings or both.This Section shall not be deemed to prohibit the enforcement by any person  of any right provided by this or any other law.    (Source: P.A. 81-542.)
815 ILCS 620/509
2021 Illinois Compiled Statutes|Chapter 815 - BUSINESS TRANSACTIONS|815 ILCS 620/ - Illinois Fair Invention Development Standards Act.|Article V - Remedies And Enforcement

(815 ILCS 620/509) (from Ch. 29, par. 509)Sec. 509.     Voidability for failure to comply with disclosure requirements.     Failure to make the disclosures required by Article 2 of this Act shall  render any contract subsequently entered into between the customer  and the invention developer voidable by the customer.    (Source: P.A. 81-542.)
815 ILCS 620/Art. VI heading
2021 Illinois Compiled Statutes|Chapter 815 - BUSINESS TRANSACTIONS|815 ILCS 620/ - Illinois Fair Invention Development Standards Act.|Article VI - Financial Requirements

 ARTICLE VI.      FINANCIAL REQUIREMENTS
815 ILCS 620/601
2021 Illinois Compiled Statutes|Chapter 815 - BUSINESS TRANSACTIONS|815 ILCS 620/ - Illinois Fair Invention Development Standards Act.|Article VI - Financial Requirements

 (from Ch. 29, par. 601)Sec. 601.     Maintenance of bond.     Every invention developer rendering or offering  to render invention development services in this State shall maintain  a bond issued by a surety company admitted to do business in this State.  The principal sum of the bond shall be 5 percent of the invention developer's  gross income from the invention development business in this State during  the invention developer's last fiscal year, except that the principal sum  of the bond shall not be less than $25,000 in the first or any subsequent  year of operations. A copy of such bond shall be filed with the Secretary  of State prior to the time the invention developer first commences business  in this State. The invention developer shall have 90 days after the end of  each fiscal year within which to change the bond as may be necessary to  conform to the requirements of this Section.    (Source: P.A. 81-542.)
815 ILCS 620/602
2021 Illinois Compiled Statutes|Chapter 815 - BUSINESS TRANSACTIONS|815 ILCS 620/ - Illinois Fair Invention Development Standards Act.|Article VI - Financial Requirements

 (from Ch. 29, par. 602)Sec. 602.     Cash deposit instead of bond.     Instead of furnishing the bond  required by Section 602 of this Act, the invention developer may deposit  with the Secretary of State a cash deposit in the like amount. This cash  deposit may be satisfied by any of the following:(a) Certificates of deposit payable to the Secretary of State issued  by banks doing business in this State and insured by the Federal Deposit  Insurance Corporation.(b) Investment certificates of share accounts assigned to the Secretary  of State and issued by a savings and loan association doing business in this  State and insured by the Federal Savings and Loan Insurance Corporation.(c) Bearer bonds issued by the United States government or by this State.(d) Cash deposited with the Secretary of State.    (Source: P.A. 81-542.)
815 ILCS 620/603
2021 Illinois Compiled Statutes|Chapter 815 - BUSINESS TRANSACTIONS|815 ILCS 620/ - Illinois Fair Invention Development Standards Act.|Article VI - Financial Requirements

(815 ILCS 620/603) (from Ch. 29, par. 603)Sec. 603.     Forfeiture of bond.     The bond required by Section 601 of this  Act shall be in favor of the State of Illinois for the benefit of any person  who, after entering into a contract for invention development services with  an invention developer, is damaged by fraud or dishonesty or failure to  provide the services of the invention developer in performance of the contract.  Any person claiming against the bond may maintain an action at law against  the invention developer and the surety.The aggregate liability of the surety to all persons for all breaches of  conditions of the bond provided herein shall in no event exceed the amount of the bond.    (Source: P.A. 81-542.)
815 ILCS 620/Art. VII heading
2021 Illinois Compiled Statutes|Chapter 815 - BUSINESS TRANSACTIONS|815 ILCS 620/ - Illinois Fair Invention Development Standards Act.|Article VII - Miscellaneous Provisions

 ARTICLE VII.      MISCELLANEOUS PROVISIONS
815 ILCS 620/701
2021 Illinois Compiled Statutes|Chapter 815 - BUSINESS TRANSACTIONS|815 ILCS 620/ - Illinois Fair Invention Development Standards Act.|Article VII - Miscellaneous Provisions

 (from Ch. 29, par. 701)Sec. 701.     Maintenance of records.     Every invention developer shall maintain  all records and correspondence relating to performance of each invention  development service contract for a period of not less than three years  after expiration of the term of each such contract.    (Source: P.A. 81-542.)