- 26 - that, you know, you own the TV but I own the TV changer, so we better cooperate in resolving any differences. And so that was the thought was to kind of create an ownership that I would have personally which would help us in protecting CPSG as well. * * * * * * * A: * * * And again, having the intellectual property ownership in my hands personally meant at least we were going to have a discussion about it. A corporate resolution passed by CPSG, Inc.’s board of directors stated that petitioner “may undertake such reasonable research and development activities on * * * [CPSG, Inc.’s] behalf in order to render and maintain the Company’s products as commercially viable”. Indeed, on brief petitioners proposed that we find that “It was clear to petitioner that in order to save the business of CPSG more development had to be performed;” “Petitioner believed that by creating intellectual property rights outside of the CPSG/CPG/Syndicate relationship he would have more negotiating leverage regarding any technology that he developed;” and “Petitioner believed that if he had rights to the technology he developed and CPG had rights to the underlying technology, CPG and the Syndicates would have to cooperate with him.” On brief, petitioners explained that “When Syndicate funding ended, additional development had to be done for the business of CPSG to survive.”Page: Previous 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 Next
Last modified: May 25, 2011