Oil & Energy
Anti-Corrosive Chemical Patentees Brace To Receive Royalties
Patentees of Commanddem
Nigeria Limited are now bracing up to receiving the royalties that is accruing to them on the invention of anti-corrosive chemical used by oil firms for off-shore drilling.
This is sequel to the decision of the Nigeria’s apex court, the Supreme Court to give a summary judgement on the issue of payment of royalty to the owner of the patent on the anti-corrosive paint on October 7th 2014.
The Tide has reliably gathered that Commanddem Patentees approached the apex court seeking for a summary declaration to compel Mobil Producing Unlimited to pay for the royalties accruing to them for the use of their product in oil drilling.
It was also gathered that the appeal court sitting in Calabar, the Cross River State capital had given judgement in favour of Commanddem Nigerian Limited declaring that the ownership of the patent for the invention belong to Commanddem, and that anyone using their product must pay royalties to them, but did not however order mobil to pay.
Speaking to The Tide on the development in Port Harcourt, the Rivers State/Bayelsa Cordinator of Commanddem, Pastor Silas Manasseh said that they approached the Supreme Court to order mobil unlimited which is the primary beneficiary of their product to pay their royalties that has accrued.
He said that the judgement given in their favour by the appeal court in Calabar did not order mobil producing to pay the royalty, even though the ownership belongs to them.
According to Manasseh, the October 7th set aside by the Supreme Court for the summary judgement will lay to rest the issue of payment on the invention, since every document are before the court as evidence on mobil usage of the product for drilling.
It would be recalled that Commanddem is the inventor of the anti-corrosive chemical paint used for off-shore oil drilling and mobil had been the number one user of the product, but no royalty have been paid for the invention, which is the reason for litigation.
Corlins Walter