Those engaged in Invention Development are required by the California Secretary of State to execute a California Invention Developer Bond to ensure compliance with Section 22370 of the California Business and Professions Code.
Bonds Express offers a California Invention Developer Bond with a 99% approval rate.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The California Invention Developer Bond holds you accountable for your business decisions.
By possessing a California Invention Developer Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.