VIASPACE listed this as a RISK FACTOR per the SEC.
We could be subject to intellectual property rights claims regarding the seedlings.
We are subject to the risk that the seedlings we license infringe or will infringe upon patents, copyrights, trademarks or other intellectual property rights held by third parties. We acquired rights to grow GKG from a seller which we believe held such rights. If that party does not hold such rights, we may be subject to legal proceedings and claims relating to the intellectual property of others. If any such claim arises in the future, litigation or other dispute resolution proceedings may be necessary to retain our ability to offer our current and future products, which could result in substantial costs and diversion of our management resources and attention even if we prevail in contesting such claims. If we are found to have violated the intellectual property rights of others, we may be enjoined from using such intellectual property rights, incur additional costs to license or develop alternative products and be forced to pay fines and damages, any of which could materially and adversely affect our business and results of operations, or terminate our grass business entirely.
The CERTS are a reason for BIG BOX stores NOT ordering the logs. The fact that IPA can't clearly define the rights it HOLDS to the grass is also a reason BIG BOX stores would not order the LOGS.
Not from a lawsuit about a fire, but a lawsuit about the IPR. Have you never heard of lawsuits about IPR's?
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