danocap1982
Junior Member
What is the name of your state? WI
A company I have been asked to join and invest in is in the process of hiring an attorney to file both US and International patent infringement lawsuits... here's the story.
The inventor has spent the last two years going to (6) different US companies trying to get licensing agreements for his patented product and told at each that his product will not work. At each company he has a non disclosure agreement signed. He also went to a Chinese company to manufacture and they have also stolen the product and are making an identical product. Now four of the six companies are rolling out products here in the United States that (in the inventors opinion) are identical in every (functional) way to his product.
Here are my questions:
1. What (if anything) can be done to halt the production and sale of these products? (stems from a comment the inventor has made that there will be an (injunction?) to halt the manufacture and sale once the lawsuit is filed)
2. Is there anything (lawsuit associated) that would interfere with our own company manufacturing and selling this product? (this question stems from a comment the inventor made about him not being able to sell any products until after the lawsuit is finished... 2-3 years)
3. Would our company starting the manufacture of this product benefit the lawsuit in any way?
Some other items
- I do not know if the invetor has put these companies "on notice"
- I do not have a copy of the non-disclosure agreement
- I know that the people that have stolen the ideas have been turned down for their own patents as they were too similar to the inventor's
- This product has shown up in China, US and England.
- I believe that the inventor is looking to a Texas attorney to file the lawsuit.
Any help would be greatly appreciated.
A company I have been asked to join and invest in is in the process of hiring an attorney to file both US and International patent infringement lawsuits... here's the story.
The inventor has spent the last two years going to (6) different US companies trying to get licensing agreements for his patented product and told at each that his product will not work. At each company he has a non disclosure agreement signed. He also went to a Chinese company to manufacture and they have also stolen the product and are making an identical product. Now four of the six companies are rolling out products here in the United States that (in the inventors opinion) are identical in every (functional) way to his product.
Here are my questions:
1. What (if anything) can be done to halt the production and sale of these products? (stems from a comment the inventor has made that there will be an (injunction?) to halt the manufacture and sale once the lawsuit is filed)
2. Is there anything (lawsuit associated) that would interfere with our own company manufacturing and selling this product? (this question stems from a comment the inventor made about him not being able to sell any products until after the lawsuit is finished... 2-3 years)
3. Would our company starting the manufacture of this product benefit the lawsuit in any way?
Some other items
- I do not know if the invetor has put these companies "on notice"
- I do not have a copy of the non-disclosure agreement
- I know that the people that have stolen the ideas have been turned down for their own patents as they were too similar to the inventor's
- This product has shown up in China, US and England.
- I believe that the inventor is looking to a Texas attorney to file the lawsuit.
Any help would be greatly appreciated.