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Cengage Advantage Books: Business Law 13th Edition by Roger LeRoy Miller
Edition 13ISBN: 978-1305087859Cengage Advantage Books: Business Law 13th Edition by Roger LeRoy Miller
Edition 13ISBN: 978-1305087859 Exercise 17
Arbitration.
PRM Energy Systems owned patents licensed to Primenergy to use in the United States. Their contract stated that "all disputes" would be settled by arbitration. Kobe Steel of Japan was interested in using the technology represented by PRM's patents. Primenergy agreed to let Kobe use the technology in Japan without telling PRM. When PRM learned about the secret deal, the firm filed a suit against Primenergy for fraud and theft. Does this dispute go to arbitration or to trial? Why? [PRM Energy Systems v. Primenergy, 592 F.3d 830 (8th Cir. 2010)] (See page 42.)
PRM Energy Systems owned patents licensed to Primenergy to use in the United States. Their contract stated that "all disputes" would be settled by arbitration. Kobe Steel of Japan was interested in using the technology represented by PRM's patents. Primenergy agreed to let Kobe use the technology in Japan without telling PRM. When PRM learned about the secret deal, the firm filed a suit against Primenergy for fraud and theft. Does this dispute go to arbitration or to trial? Why? [PRM Energy Systems v. Primenergy, 592 F.3d 830 (8th Cir. 2010)] (See page 42.)
Explanation
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Verified
Patents and licenses are the owned thing...
Cengage Advantage Books: Business Law 13th Edition by Roger LeRoy Miller
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