Legal Question in Product Liability in Georgia
Liability
I have given exclusive rights to sell my patent pending product to a LLC company. My only involvement is recieving royalities. Do I have any liability issues or is the LLC totally responsible?
Asked on 4/22/07, 11:30 pm
1 Answer from Attorneys
Glenn M. Lyon, Esq.
MacGREGOR LYON, LLC, Business Attorneys
Re: Liability
Responsible for what? Generally, simply receiving royalties will not create liability for the acts and debts of the LLC paying those royalties.
If you would like to discuss any issues further, please feel free to contact my office. My contact information is below. Thank you.
The foregoing is general information only, not specific legal advice. No attorney/client relation has been created or should be implied.
Answered on 5/08/07, 4:13 pm
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