JIT inc. held a patent (Patent no. 4563312) on a program that could encode and compress recorded speech on a computer. the application was very helpful for the security agencies in Pakistan and Pakistan's home land security agency contact JIT inc for this product. The product was very simple it encode the speech in digital form and that was the main reason that Security agencies in the country takes interest in it. JIT inc. thought to produce this application on mass level so that they can expand their bussiness around the world so they starts to seek investor for its grow. thanks to an accidential meeting with a investment manager,The CEO of JIT inc. raised some seed money and he won and introduction to the Ching Hong, the CEO of the venture capitalist firm, they succeed and they signed a deal of 2billion$ with them and after two year PPTO issued Patent #110 4563312, recognizing JIT inc product as novel, useful.
The product was targeting their audience successfully and they were getting alot of response for their produc t. After 5years a company named MIT inc. contacted JIT inc. to work together for a certain customers.The officals of MIT acknowledged the patent technology of JIT Inc but due to some reasons MIT refused to work on the project and they quit it..
After three years MIT Comes up with a product that could encode and decode the recorded and live speech on a computer. the share of the JIT Inc in the whole market was dropping down due to the new product and the people was considering the product as a customization of JIT inc's product.
JIT inc. looked into this matter and suspected MIT as a infringing on their product. on the other hand MIT inc documented a new patent for their product, a change of ownership of a product that was originally made by JIT inc. but now someone who just customized it was trying to become a owner of its. This become a headache of JIT inc and when they interrogate the matter they come to know that MIT inc was infringing their product.
JIT Inc filed a petition against MIT inc for infringing their product. Country's cyber crime court accept the petition and include some patent checker specialist to check the ownership of the product.
The product was targeting their audience successfully and they were getting alot of response for their produc t. After 5years a company named MIT inc. contacted JIT inc. to work together for a certain customers.The officals of MIT acknowledged the patent technology of JIT Inc but due to some reasons MIT refused to work on the project and they quit it..
After three years MIT Comes up with a product that could encode and decode the recorded and live speech on a computer. the share of the JIT Inc in the whole market was dropping down due to the new product and the people was considering the product as a customization of JIT inc's product.
JIT inc. looked into this matter and suspected MIT as a infringing on their product. on the other hand MIT inc documented a new patent for their product, a change of ownership of a product that was originally made by JIT inc. but now someone who just customized it was trying to become a owner of its. This become a headache of JIT inc and when they interrogate the matter they come to know that MIT inc was infringing their product.
JIT Inc filed a petition against MIT inc for infringing their product. Country's cyber crime court accept the petition and include some patent checker specialist to check the ownership of the product.
Product was Acknowledge by MIT but they refused it after sometime why is it so?
ReplyDeleteInteresting Case by the way...
If the JIT inc was the Owner of the product thn how MIT owned product of JIT.
ReplyDeleteInteresting case (Y)
ReplyDeleteactually sir said in his first class that Software industry is unethical and here MIT Inc is just following that unethical way first they met with JIT inc and after seeing their patent and technology and observing they are doin.. they refused it because at that time they think to produce their own product.. (*unethical)
ReplyDelete