-"Now that PBI's process has beeen improved upon by Bioagra," So does Bioagra work for free? Was the company paid for this improved process?-

RJ -

You seem to be missing the whole situation by a mile, and I'm not sure why. Let me try again....

Bioagra licensed the original process from PBI for a 7.5% royalty.

Bioagra found that the licensed technology could be greatly improved upon and secretly made the improvements.

Because Bioagra no longer needs the original PBI technology or PBI, Bioagra negotiated with PBI to continue paying royalties to PBI but at a greatly reduced rate.

Bioagra will stop using any test results or support from PBI, and will try not to compete with PBI and their old technology. Bioagra and PBI go their separate ways, yet remain friends.

PBI keeps the rights to the old technology and can manufacture, sell or license anything the want to, based on that original technology. (Dare I refer to Louis DiFrancisco and Particle Interconnect?)

Each party can work on their own improvements and attempt to patent them.

Bioagra owns their own improvements and does not share them with PBI. Bioagra acknowledges the original technology and license agreement through the reduced royalty of 2.5%. PBI acknowledges that Bioagra has made significant improvements, no longer needs PBI, and that 2.5% of Bioagra's sales is better than nothing.

Both parties acknowledge the validity of the other's role, and that an amicable relationship is far better than a prolonged legal battle.

It seems to me like a win/win situation for all involved.

-zties