I entered into 2 agreements with IP&R, the first in July of to do a animation Cad drawing works, and put together a marketing report, and to approach would be manufacturers in the hope to secure a License agreement, that IP&R and I would share the royalties of.
After working 3 months, on the first invention project, I felt good enough to cosider signing up a second Invention project, this on in Patent Pending, so I was taking a chance exposing it prematurely, but felt I could trust IP&R with it and proceeded to work with them on it with the same agreements as was on the first Invention.
About 25 days into the second project, I get a Power of Attorney Letter in the mail along with my Monthly report. The Monthly Report is some thing they do on the progress they are doing on a given project. But I didn't see one of these power of attorney Letters in any monthly reports from the past 4 months earlier from any other project managers I worked with on the other project, and asked what this was all about, because the language in it was such that it stated that if I grant Power of Attorney to IP&R that it could result in my waving my right to hold a 3rd party liable for developing a competing product.
It also went on to state that by Granting IP&R full Power of Attorney and Notwithstanding any provision in my marketing agreement to the contrary the Power of attorney with full power of substitution as the true and lawful attorney-in-Fact with the ability to execute and deliever Invention Disclosure Documents on my behalf, and I thought why am I having to agree to this, when we already had agreements in place that said they were able to do the job at hand that included the nessesary ability to market the Inventions and we signed and I paid for these services.
So I asked them abnd they said it was for my best interest, and I said I would like to have seen this at the start of our agreements because it would have had a Impact on my decision to work with IP&R, and they said that it was new policy they recently implemented, at the request of the big retail companies, and I was thinking then I should be allowed a choice to a refund of part of my investment because of the new Policy that now says they will not be able to market my Inventions to most of the Potential Licensees, or to continue and sign the power of attorney, and I had my lawyer send them this request, to no avail.
0 comments