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Ch. 362
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2120
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LAWS OF MARYLAND
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SECRETARY OF THE STATE OF MARYLAND.
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(B) THE BOND REQUIRED BY THIS SECTION SHALL BE IN
FAVOR OF THE STATE OF MARYLAND 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 THE FAILURE OF THE
INVENTION DEVELOPER TO PROVIDE THE SERVICES SPECIFIED IN
THE CONTRACT, OR BY VIOLATION OF THIS SUBTITLE. 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 MAY NOT EXCEED THE
AMOUNT OF THE BOND.
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(C) IN LIEU OF FURNISHING THE BOND REQUIRED BY
THIS SECTION, THE INVENTION DEVELOPER MAY DEPOSIT WITH
THE SECRETARY OF STATE OF MARYLAND A CASH OR EQUIVALENT
SECURITY DEPOSIT IN LIKE AMOUNT.
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14-1310.
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THIS ACT DOES NOT APPLY TO ANY CONTRACT ENTERED INTO
PRIOR TO THE EFFECTIVE DATE OF THIS ACT.
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141311.
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THE PROVISIONS OF THIS ACT ARE SEVERABLE, AND IF ANY
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CLAUSE, SENTENCE, PARAGRAPH, SUBDIVISION OR PART OF THIS
ACT IS ADJUDGED BY ANY COURT OF COMPETENT JURISDICTION TO
BE INVALID, THE JUDGMENT MAY NOT AFFECT, IMPAIR OR
INVALIDATE THE REMAINDER OF IT, BUT IS CONFINED IN ITS
OPERATION TO THE CLAUSE, SENTENCE, PARAGRAPH, SUBDIVISION
OR PART OF IT DIRECTLY INVOLVED IN THE CONTROVERSY IN
WHICH THE JUDGMENT HAS BEEN RENDERED.-
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SECTION 2. AND BE IT FURTHER ENACTED, That if any
provision of this Act or the application thereof to any
person or circumstance is held invalid for any reason,
the invalidity shall not affect the other provisions or
any other application of this Act which can be given
effect without the invalid provisions or application, and
to this end all the provisions of this Act are declared
to be severable.
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13-301.
Unfair or deceptive trade practices include any:
(9) Deception,, fraud, false pretense, false
premise, misrepresentation, or knowing concealment,
suppression, or omission of any material fact with the
intent that a consumer rely on the same in connection
with:
(i) The promotion or sale of any consumer
goods, consumer realty, or consumer service; or
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