§ 9-14-03 — Right of cancellation

1. Notwithstanding any contractual provision to the contrary, the customer has the
unconditional right to cancel a contract for invention development services for any

reason at any time before midnight of the third business day following the date the
invention developer and the customer sign the contract and the customer receives a
fully executed copy of it. Written notice of cancellation may be delivered personally or
by mail. If given by mail, the notice is effective upon placement in the possession of
the United States postal service, properly addressed and first-class postage prepaid.
Notice of cancellation need not take a particular form and is sufficient if it indicates, by
any form of written expression, the intention of the customer not to be bound by the
contract. Within ten business days after receipt of the notice of cancellation, the
invention developer shall deliver to the customer, personally or by mail, all moneys
paid, any note or other evidence of indebtedness, and all materials provided by the
customer.
2. Every contract for invention development services must contain the following
statement in ten-point boldface type immediately above the place where the customer
signs the contract:
The three-business-day period during which you may cancel this contract for any
reason by mailing or delivering written notice to the invention developer will expire
on (last date to mail or deliver notice). If you choose to mail your notice, it must
be placed in the United States mail addressed to (name of invention developer),
at (address of invention developer's place of business) with first-class postage
prepaid before midnight of this date. If you choose to personally deliver your
notice to the invention developer, it must be delivered to the invention developer
by five p.m. on this date.