Legal Question in Business Law in California
Statute of Limitations
What is the statute of limitations or time limit for filing a claim against a corporation for not giving compensation to an outside company for requested techniques and procedures to improve the corporations product from product failure after there product was already on the market . After said procedures were given and latter finding out that my procedures were used and never compensated for where do I stand legally.
2 Answers from Attorneys
Re: Statute of Limitations
If breach of oral agreement, 2 years. If breach of written agreement, 4 years. Misappropriation of intellectual property, not sure. See a lawyer in your locale.
Re: Statute of Limitations
If you have a written agreement, which you'll need to win such case, then 4 years from breach is the time limit. Oral contract limit is 2 years, but good luck with that. If you actually have a agreement that you can prove, and if you actually have substantial damages you can prove, and if you're timely, and if the corporation is not insolvent/broke, feel free to contact me if serious about pursuing this.
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