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N.Y. Gen. Bus. Law § 552

Notes given for patent-rights

2014-09-22

§ 552. Notes given for patent-rights. A person who takes, sells or\ntransfers a negotiable promissory note within article three of the\nuniform commercial code, knowing the consideration of such note to\nconsist in whole or in part, of the right to make, use or sell, any\npatent invention or inventions, or any invention claimed or represented\nto be patented, without having the words "given for a patent-right"\nwritten or printed legibly and prominently on the face of such note\nabove the signature thereto, is guilty of a misdemeanor.\n

Official source: NYS Open Legislation (New York State Senate). Reproduced from public-domain New York statutes; confirm against the official source for the current text. Not legal advice.