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Here is the problem...In any other option contract

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Post# of 82687
(Total Views: 393)
Posted On: 04/21/2020 12:49:22 PM
Posted By: lovindollars
Re: zpaul #67480
Here is the problem...In any other option contract I've ever seen, there is a little thing called "consideration" that each party gives to the other party. Without consideration, a contract is not formed. I have yet to see anything that Beau, or ACS or CSI (or anyone for that matter) has given to SFOR in consideration for SFOR giving them the right to use SFOR's patents. This "option" has no teeth because if the option expires without CSI paying for it, it just gets extended another year and increased by a million dollars. What is to stop this from going on in perpetuity? What incentive does CSI have to ever buy the patent? What did CSI pay (or give in "consideration" at the outset of this "option contract" that promoted SFOR to offer them the option in the first place? If the "consideration" was 15% of any sales of SFOR's products by CSI, then where is that revenue? 15% of zero is still zero.



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