I am company A based in Singapore and there is company B based from Russia. Company B is a polymer company for oil development. They will bring the tools, services, technology and most importantly the POLYMER.
Company A will contribute for the marketing, the contacts, and a good deal of technical and engineering consultation since we know the lay of the land in terms of people and experience in dealing with the specific geology in the specified territory.
One company will be formed to become "AB" in Singapore. It's a company and NOT a joint venture.
Company B has 2 personalties...John and Mike. John is the owner of company B, but Mike told me once that he is the POLYMER Owner and has proprietary rights on the polymer/intellectual properties and has another company. However, John assures me that HE is the polymer owner. Both are friends....and maybe both have ownership....or someone is not being truthful.
For our interest, we need to link ourselves DIRECTLY to the polymer owner and have an exclusivity deal (I sound like EA dealing with the NFL here) so that any kind of work using the polymer in the "Territory" specified in the agreement, MUST go through the newly formed company "AB".
What I am afraid of is....I sign the deal with company B, to find out later that MIKE indeed owns the polymer, and I could be screwed, because two petroleum operational companies, through our connections (company A), are ready to give the polymer a trial, and sign a contract. If I sign the deal with B, but they don't own the polymer, the true owner of the chemical (Mike) will swoop in and introduce his polymer to my connection, and I will be cut off. This kind of stuff happens a lot unfortunately...... and it has happened to me, although on a lower scale.
So my question is:......Right now company B claims they own the polymer, what documents of LAW do I need from them so that I am assured that indeed he owns the polymer.
Thanks for you lawyers, law students, law afficionados, or anyone else that just spent a night at Holiday Inn.
p.s- I have asked for lawyers in Singapore, but while that is going on ( I'm not in either Russia not Singapore), I'd love to hear OS's thoughts on this.
Company A will contribute for the marketing, the contacts, and a good deal of technical and engineering consultation since we know the lay of the land in terms of people and experience in dealing with the specific geology in the specified territory.
One company will be formed to become "AB" in Singapore. It's a company and NOT a joint venture.
Company B has 2 personalties...John and Mike. John is the owner of company B, but Mike told me once that he is the POLYMER Owner and has proprietary rights on the polymer/intellectual properties and has another company. However, John assures me that HE is the polymer owner. Both are friends....and maybe both have ownership....or someone is not being truthful.
For our interest, we need to link ourselves DIRECTLY to the polymer owner and have an exclusivity deal (I sound like EA dealing with the NFL here) so that any kind of work using the polymer in the "Territory" specified in the agreement, MUST go through the newly formed company "AB".
What I am afraid of is....I sign the deal with company B, to find out later that MIKE indeed owns the polymer, and I could be screwed, because two petroleum operational companies, through our connections (company A), are ready to give the polymer a trial, and sign a contract. If I sign the deal with B, but they don't own the polymer, the true owner of the chemical (Mike) will swoop in and introduce his polymer to my connection, and I will be cut off. This kind of stuff happens a lot unfortunately...... and it has happened to me, although on a lower scale.
So my question is:......Right now company B claims they own the polymer, what documents of LAW do I need from them so that I am assured that indeed he owns the polymer.
Thanks for you lawyers, law students, law afficionados, or anyone else that just spent a night at Holiday Inn.
p.s- I have asked for lawyers in Singapore, but while that is going on ( I'm not in either Russia not Singapore), I'd love to hear OS's thoughts on this.
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