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Inventor alleges business partner trying to claim ownership of 'holy grail' material
Oct 18, 2024•over 1 year ago
Contract Type
partnership
IrelandManufacturingConstructionBuilding MaterialDescription
Inventor Christopher Vickers has alleged that a business partner is attempting to assert ownership over a formulation he created for the world’s first cement-free concrete products. The partnership between Vickers and John McCann, involving an investment of over €1 million from McCann and €420,000 from Vickers, has now led to a legal dispute in the High Court regarding the ownership and involvement in Creekmount Ltd.
Agreement Insights
Based on industry dataStrategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months