Free
Message: Re: Contingency basis - LL

Mar 28, 2007 06:17AM

Mar 28, 2007 06:44AM

Mar 28, 2007 06:49AM

The Company has agreed to pay Duane Morris a fee equal to 40% of any license or litigation recovery related to Patent Enforcement Matters, after recovery of expenses, and 50% of recovery if appeal is necessary.

Duane Morris doesn't get paid a fee if they don't perform and sign up licensees or are successful in litigation. The contract could have been written so that EDIG pays their fees regardless of them signing up any licensees or winning any cases. Now worst case scenario, we only pay their expenses...no legal fees...unless they are successful. Which I'm confident they will be. So we stand to get 50% - 60% of recovery monies where as now we are getting a big fat zero %.


Mar 28, 2007 08:30AM
Share
New Message
Please login to post a reply