(815 ILCS 620/603) (from Ch. 29, par. 603)
Sec. 603.
Forfeiture of bond.
The bond required by Section 601 of this
Act shall be in favor of the State of Illinois 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 failure to
provide the services of the invention developer in performance of the contract.
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 provided herein shall in no event exceed the amount of the bond.
(Source: P.A. 81-542.)
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