Max Sound Corporation (MAXD)

[Urbanlegend]

On April 4th, 2017, Vedanti Licensing Limited and Max Sound put out a news release containing the following statement:

Last January, the US Federal Circuit Court of Appeals affirmed the order of the District Court dismissing MAXD's patent infringement lawsuit against Google for lack of standing. This order remains a mute point as it was predicated on the fact that Max Sound Corporation is now the joint co-owner (the "VLL/Max Sound Agreement") granting the Company co-ownership of U.S. Patent No. 7,974,339 (the "`339 Patent"). Therefore, the Court's decision does not have any affect on the merits of the infringement claims against Google. Pending a favorable outcome of the IPR Hearing, VLL and MAXD intend to file a new action as co-owners against Google for willful infringement

You write:

I've never seen a copy of the Max Sound & Vedanti License Agreement. But I can tell you that an enforceable patent is the ONLY FOUNDATION OF VALUE IN A TECHNOLOGY COMPANY INTENDING TO DO MORE THAN SPEND $33 Million _those are my expenses, not VLL's -, an enforceable Patent with inventions is the only currency for the Risk to Reward.

I think we can agree that the infringement claim cannot proceed if the IPR stands. But can you shed some light on the status of the ownership of the '339 Patent, i.e. is it true that Max Sound and Vedanti Licensing Ltd. have co-ownership of U.S. Patent No. 7,974,339? (Or is it that the ownership by Max Sound is a 'mute'(sic) point, because it was "pending a favorable outcome of the IPR hearing"?)

In other words, as far as you are concerned, who owns U.S. Patent No. 7,974,339?