Legal Question in Business Law in Texas
Bill of Sale as opposed to a Contract
The lawyer representing an inventor provided a bill of sale rather than a contract between the inventor and investor. The investor is to receive 10% of the income from the sale of the invention. This seems strange, and the investor wonders if a bill of sale protects his investment as well as a contract would have done. As a layperson with some background in finance, there is also the same question in my mind.
Asked on 10/20/05, 4:21 pm
1 Answer from Attorneys
Peter Bradie
Bradie, Bradie & Bradie
Re: Bill of Sale as opposed to a Contract
It certainly sounds unusual, but there are too many gaps in information to even reach a tentative conclusion.
Answered on 10/20/05, 5:17 pm
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