California § 22389 - Every invention developer rendering or offering to render invention development s
Full text of California Public Contract Code - PCC § 22389 — Every invention developer rendering or offering to render invention development s, with citation guidance and answers to common questions.
§ 22389. Every invention developer rendering or offering to render invention development s
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 developerâs gross income from the invention development business in this state during the invention developerâs last fiscal year, except that the principal sum of the bond shall not be less than twenty-five thousand dollars ($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.
Frequently Asked Questions About California § 22389
What does Public Contract Code - PCC § 22389 cover?
Section 22389 ("Every invention developer rendering or offering to render invention development s") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 22389?
A common citation format is "Public Contract Code - PCC § 22389" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 22389 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.