Inventor Protection Act of 1995

[AI summary unavailable — showing source text] Inventor Protection Act of 1995 - Requires that every contract for invention development services be in writing and that a copy of the signed written contract be given to the customer at the time the customer enters into the contract. Directs the invention developer to: (1) state in the contract whether the usual business practice is either to seek more than one contract in connection with an invention or to seek to perform services in one or more phases; and (2) supply to the customer a copy of the written document including the usual business terms of contracts and the approximate amount of the usual fees for services provided. Prohibits a developer from requiring or accepting payment for services for five business days after the customer receives a copy of the contract. Calls for the invention developer or a third party representing the invention developer to deem delivery of a promissory note, check, bill of exchange, or negotiable instrument of any kind as payment on the date received. Gives the parties the option to refuse to enter into the contract until five business days after the payment is made. Prescribes language and information that must be included in a cover notice …