- 16 - October 16, 1986, application. Although Amoco made several suggestions and requests during the developmental stages of the liner system, Amoco did not assert any ownership rights in the invention. On January 24, 1989, and December 5, 1989, United States Patent numbers 4,799,607 and 4,884,722, respectively, (the Amoco patents) were issued to Mr. Podd by the U.S. Patent and Trademark Office for the invention. Subsequently, Powertex filed applications in several countries for foreign counterpart patents concerning the Amoco liner, listing Mr. Podd as the inventor.4 Several foreign counterpart patents were subsequently published as a result of the applications. Powertex paid the legal expenses and filing fees for both the U.S. and foreign counterpart patents concerning the Amoco liner. On its corporate tax returns, the expenses and fees were either claimed as deductions or capitalized. Powertex sued Insta-Bulk for infringement of the Amoco patents.5 On December 22, 1994, in settlement of the litigation, an agreement was executed which provided that Powertex would grant Insta-Bulk a "limited, exclusive, non-transferrable license" to make 4 Petitioners contend that applications for foreign counterpart patents were filed by Powertex because at that time Canada was not a signatory to the Patent Cooperation Treaty, and, therefore, Mr. Podd could not file for such patents, but Powertex, a United States corporation, could. 5 It is not clear from the record why Powertex, rather than Mr. Podd, brought suit against Insta-Bulk, nor is the period in time when this suit took place disclosed in the record.Page: Previous 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 Next
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