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Thank you Fredrikklaw, I'm pretty certain that the former company just took whatever money they were able to get by selling the patent, trademark and shoe name to the new company and aside from receiving cash, they may have been smart enough to ask for a percentage of future sales (I highly...

Wanted to get some feedback on whether or not a new company has liability as it pertains to purchasing intellectual property from an "old" company. Situation is as follows, a company sought out investors and received investment dollars for a new patented shoe concept with the intention of...