Re: Why would Carl, Gloria and/or Cliff agree to no reciprocal termination ..?
posted on
Jan 13, 2014 03:26AM
"This new Com Ag clause not allowing PDS to even fire Alliasence for cause, was imo, part of TPL's BK Planning."
Does the PDS agreement preclude using an alternative to Alliancense while not terminating the agreement with Alliacense? I.e. is there an exclusivity clause in the agreement or not? If not, then maybe Alliancense could handle a few trivial potential licensees while alternate is hired for bigger fish.
Do common law precedents allow a court to set aside blatantly one-sided conditions if fraud or similar is proven, or under bankruptcy proceedings?
This is yet another reason to (a) get all work product from Alliacense into the hands of PDS and/or PTSC and (b) start building the volume of complaints about the PTSC BoD and especially Carlton Johnson in his PDS role to the SEC.
Another thought: why is Carlton Johnson even associated with PDS? He is not an employee of PTSC - isn't it Cliff Flowers who is employed to make business and financial decisions on behalf of our company? If not, then why do we need him?