Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Five employees of American Electric Power (AEP) Service Corp. invented a new product. In consid-eration of the sum of One Dollar (1.00), and of other
"Five employees of American Electric Power (AEP) Service Corp. invented a new product. "In consid-eration of the sum of One Dollar (1.00), and of other good and valuable consideration paid to the undersigned Assignor," each employee signed an agreement giving AEP exclusive patent rights to the invention. Some of the employees sued, alleging that there was no contract because AEP never paid the one dollar. How do you think the court ruled? Explain your reasoning"
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started