Arbitration. PRM Energy Systems owned patents licensed to Primenergy, LLC, to use in the United States. Their

Question:

Arbitration. PRM Energy Systems owned patents licensed to Primenergy, LLC, to use in the United States. Their 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. Primenergy 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 Primenergy for fraud and theft. Does this dispute go to arbitration or to trial? Why? [PRM Energy Systems v. Primenergy, LLC, 592 F.3d 830 (8th Cir. 2010)] (See page 85.)

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Business Law Today

ISBN: 9781285528632

10th Edition

Authors: Roger Miller

Question Posted: