Legal Question in Business Law in New Jersey

I invested in an invention 10 years ago. The invention is being sold in stores and I have received a few royalty payments from the inventor. The inventor says that the manufacturer is not paying him. Is there a legal method for me to petition the manufacturer to find out if he is or isn't paying the inventor?


Asked on 6/16/16, 11:37 am

3 Answers from Attorneys

Frank Natoli Natoli-Legal, LLC

The manufacturer owes you no duty of course and who knows what the issue is there. The inventor owes you best efforts, so a better question is what exactly is he doing regards to the non-payment? And why is the manufacturer expected to pay the inventor? Is the M also distributing the product as well? Do you have a written agreement in place?

If you suspect there is more to the story perhaps you need to apply some pressure like a letter from legal counsel.

If you would like to discuss further over a free phone consult, feel free to contact me anytime that is convenient.

Our firm is now referred by the American Bar Association (see under the New York section):

http://www.americanbar.org/groups/delivery_legal_services/resources/programs_to_help_those_with_moderate_income.html

Kind regards,

Frank

www.LanternLegal.com

866-871-8655

[email protected]

DISCLAIMER: this is not intended to be specific legal advice and should not be relied upon as such. No attorney-client relationship is formed on the basis of this posting.

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Answered on 6/16/16, 11:45 am
Walter LeVine Walter D. LeVine, Esq.

More information is needed, such as:

1. Do you have a written agreement regarding the invention and what does it provide as to these issues.

2. Is the manufacturer also the distributor or are these separate businesses?

3. What role does the inventor play in the manufacturing, distribution, sales and receipts portions of the businesses.

4. Have any issues been raised about the invention by its retailers?

When these answers are supplied, a better reply to you can be undertaken.

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Answered on 6/16/16, 12:10 pm
Roman Fichman Esq. Law Practice of Roman Fichman Esq.

Though without further information the assumption is that the manufacturer does not owe a duty of disclosure, nonetheless an inquiry from an attorney might yield information. Same goes for the inventor.

This is a type of issue where the rubber needs to meet the road and the law books meet business reality. I'm happy to assist. Contact me directly.

Roman R. Fichman, Esq.

www.TheLegalists.com │ @TheLegalist

email: Info (@) TheLegalists (dot) com

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Disclaimer: This post has been written for educational purposes only and was not meant to be legal advice and should not be construed as legal advice or be relied upon. No intention exists to create an attorney-client relationship or any other special relationship or privilege through this post. The post may contain errors, inaccuracies and/or omissions. You should always consult an attorney admitted to practice in your jurisdiction for specific advice. This post may be deemed as Attorney Advertising.

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Answered on 6/16/16, 1:31 pm


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