PRM Energy Systems owned patents licensed to Prim energy to use in the United States.eir contract stated

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PRM Energy Systems owned patents licensed to Prim energy to use in the United States.eir contract stated that "all disputes" would be settled by arbitration. Kobe Steel of Japan was interested in using the technology represented by PRM's patents. Prim energy agreed to let Kobe use the technology in Japan without telling PRM. When PRM learned about the secret deal, the firm filed a suit against Prim energy for fraud and theft. Does this dispute go to arbitration or to trial? Why?
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The Legal Environment of Business Text and Cases

ISBN: 978-1305967304

10th edition

Authors: Frank B. Cross, Roger LeRoy Miller

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