RE: Immugenyx29 Nov 2020 14:15
I run a small research Company with limited resources.
It is 2018 and I have several promising lines of research and insufficient cash to take
either forward.
A Company, which is growing rapidly offers to collaborate on one idea.
It offers laboratory space, cash and a few of its own salaried staff to assist.
I agree and we set up a subsiduary Company to carry out further research, which
may or may not lead to a commercial product.
Imagine my shock when I realise they want a large slice of the cake, in the event
all the large amounts of cash and other resources lead to a valuable commercial
product.
Fortunately I had my old friend C J Sterling to advise me.
So I never signed the agreement or set up the subsiduary, I told them
to sling their hook.
The idea.
We still don't know if it is commercial, we never did anything to
progress it. We are waiting for someone to give us huge amounts of cash with
no expectation of reward.