Verson Corporation v. Verson International Group, PLC
United States District Court for the Northern District of Illinois
899 F. Supp. 358 (1995)
Verson Corporation (Verson) (plaintiff) manufactured presses for the metal-forming industry. Verson was experiencing financial difficulties, so a group of its managers bought its international operations using a newly formed company, Verson International Group PLC (VIG) (defendant). Verson and VIG executed a nonexclusive license agreement under which Verson agreed to turn over to VIG its patents and nonpatented trade secrets (collectively, its know-how). Afterward, VIG entered into an agreement with one of Verson’s North American competitors, under which VIG agreed to assign to the competitor certain know-how it received from Verson pursuant to the Verson-VIG license agreement. Verson sued VIG, claiming that the parties’ license agreement prohibited VIG from assigning Verson’s know-how without Verson’s prior consent. VIG argued that it had an implied right to assign the know-how because the license agreement permitted VIG to sublicense its rights without Verson’s approval. VIG argued that by permitting VIG to sublicense the know-how, Verson was conceding that the know-how was not highly personal and therefore could be assigned. The court granted VIG’s motion to dismiss Verson’s complaint, and Verson amended its complaint. VIG then filed a motion to dismiss the amended complaint.
Rule of Law
Holding and Reasoning (Moran, J.)
What to do next…
Unlock this case brief with a free (no-commitment) trial membership of Quimbee.
You’ll be in good company: Quimbee is one of the most widely used and trusted sites for law students, serving more than 707,000 law students since 2011. Some law schools—such as Yale, Berkeley, and Northwestern—even subscribe directly to Quimbee for all their law students.Unlock this case briefRead our student testimonials
Learn more about Quimbee’s unique (and proven) approach to achieving great grades at law school.
Quimbee is a company hell-bent on one thing: helping you get an “A” in every course you take in law school, so you can graduate at the top of your class and get a high-paying law job. We’re not just a study aid for law students; we’re the study aid for law students.Learn about our approachRead more about Quimbee
Here's why 707,000 law students have relied on our case briefs:
- Written by law professors and practitioners, not other law students. 44,500 briefs, keyed to 983 casebooks. Top-notch customer support.
- The right amount of information, includes the facts, issues, rule of law, holding and reasoning, and any concurrences and dissents.
- Access in your classes, works on your mobile and tablet. Massive library of related video lessons and high quality multiple-choice questions.
- Easy to use, uniform format for every case brief. Written in plain English, not in legalese. Our briefs summarize and simplify; they don’t just repeat the court’s language.