What is the name of your state (only U.S. law)? CA & NV
I have Stock in a Company that owns a Patented Process. As an Investor I have been told by the Owner & CEO of the Corporation that owns Patented process that I have the Right to a License to use the Process in my own design. I have yet to get that in Writing. The Attorney that is drafting the License agreements as not finished them yet.
I have a New Start up Corporation Business plan that will use this new Process on our own design. I have asked for Exclusivity to this License in the USA for the period of 2-3 years in the field I am Planning to Manufacture/Market/ Distribute the product to as to allow the new Corporation to be successful and give the Potential Investors Confidence in our success.
I was told that they can not give exclusivity to me due to "Restraint of Trade" Laws?
Is this actually correct that anyone that ask for the License must be Granted one if the License fee can be paid?