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An ongoing intellectual property (IP) dispute between a biotech firm and one of Delaware’s leading research institutions was dealt a decisive blow late last month, after a judge ruled in favor of the biotech company.
iBio, the biotech firm in question, had previously been located in Delaware and enjoyed a decade-long partnership with the Fraunhofer USA Center for Molecular Biotechnology, before the relationship began to sour back in 2013. Under the terms of the former partnership, Fraunhofer was responsible for developing the science behind certain vaccines, while iBio owned and licensed the science to other pharmaceutical organizations.
According to the lawsuit, which was filed by iBio, the partnership terms were allegedly breached when the firm discovered that Fraunhofer had been working with a competitor from Canada.
To an extent, the recent decision echoes this sentiment, as the court ruled that iBio should be entitled to exclusive ownership of technology scientists at the state research center. And while the court’s decision does address one of the key questions in the case, it does not fully resolve the existing intellectual property suit.
Business disputes arise everyday, and can take many different forms. Though some of these may be more straightforward, there are many commercial matters that are more complex. Such matters often require litigation, which must be handled by an attorney that specializes in this area of law.
Typically, business litigation involves some sort of dispute between individuals or entities, including those involving Limited Liability Partnerships (LLP), Limited Liability Companies (LLC), partnerships, corporations, trusts, franchises and agencies. Though the structure of a business may vary, many business partnerships are formed in a similar way – one partner develops the concept or idea, while the other puts up the financial collateral necessary.
Unfortunately, many relationships like this can sour, especially if the financing partner is comfortable running the business without the other partner. In many cases, they cut the other partner out. This can be particularly difficult to address amicably, and, depending on the agreement in place, the other partner could have substantial ground for a business dispute.
In any situation involving a business dispute, it is always best to consult with a qualified commercial law attorney. Though the situations can vary, depending on the type of dispute and the industry, the approach to these types of legal claims is very much the same – you need to protect your interests as a stakeholder or investor. Only an attorney specializing in business litigation understands how to protect your rights as contributor to the business.
If you or someone you know is dealing with a business dispute, know that you are not alone, and there are resources available to you if you are exploring litigation or other legal action.
Business Litigation Attorneys in Norman, Oklahoma
That’s where the highly skilled commercial law attorneys of Rick Dane Moore & Associates Law Firm, P.L.L.C. come in. Our team of commercial law specialists have a great deal of experience in handling complex business matters, and have the skills necessary to handle your case in a court setting, if necessary. Regardless of the circumstances surrounding your business dispute, our firm can provide the sound counsel you need to see your case through to a favorable end.
To learn more, we invite you to contact the business litigation attorneys at Rick Dane Moore & Associates Law Firm, P.L.L.C. at (405) 366-0373 to schedule an initial consultation.