InterDigital Inc (IDCC)

[Desert dweller]

Loop are you saying you can't have a valid contract if money is not received and in the bank? Surely not. Consideration as you know could be a receivable to be paid on a date certain and the contract is valid and should be announced. If the payment is not then received it is a breach of contract but it was still a valid contract with consideration at the time of signing.

As far as Apple is concerned, like I said, I believe when it was announced they said a payment to be received during the 3rd quarter. I could be wrong maybe it was someone else but I don't think so.

I stand by my statement, it is a message board myth that IDCC will not announce a contract until cash is received. That is just not the case. They announce it when the contract is signed and enforceable which could mean money to be received in the future. People on this board twist things around then they become fact like the statements about cash needing to be in the bank before a contract is announced.

Message In Reply To:
DD

There is no myth about the statements of Rip Tilden, Howard Goldberg and other IDCC personnel that their policy has been to announce when the front money arrives. You have no clue how or when Aapl paid. Many here got clobbered on options when LG signedbut the money was delayed a week. A group sought the services of a lawyer who told them to go home because they had no case. WM specifically said this morning that Samsung is licensed with its payment coming in early 2009 WHEN THE FINANCIALS CAN AND WILL BE DISCUSSED. A contract is no good until consideration passes mutually between the parties. If Samsung had dismissed its appeal with the CCA, that could be stretched as partial consideration. They did not and we shall see how IDCC treats the motion for stay and adjournment. It is the call of IDCC as to whether the license is enforceable, not a group of shareholders on a chat board. I am sure IDCC knows when and how to file SEC documents.

MO
loop