Maryland Code, COMMERCIAL LAW 22-216
Terms Used In Maryland Code, COMMERCIAL LAW 22-216
- Contract: A legal written agreement that becomes binding when signed.
- Person: includes an individual, receiver, trustee, guardian, personal representative, fiduciary, representative of any kind, corporation, partnership, business trust, statutory trust, limited liability company, firm, association, or other nongovernmental entity. See
(1) A contract is not formed and is not implied from the mere receipt of an unsolicited submission;
(2) Engaging in a business, trade, or industry that by custom or practice regularly acquires ideas is not in itself an express or implied solicitation of the information; and
(3) If the recipient seasonably notifies the person making the submission that the recipient maintains a procedure to receive and review submissions, a contract is formed only if:
(A) The submission is made and accepted pursuant to that procedure; or
(B) The recipient expressly agrees to terms concerning the submission.
(b) An agreement to disclose an idea creates a contract enforceable against the receiving party only if the idea as disclosed is confidential, concrete, and novel to the business, trade, or industry, or the party receiving the disclosure otherwise expressly agreed.