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Cleantek Industries Inc V.RPC


Primary Symbol: GLKFF

Raise Production Inc is an oilfield service company that focuses on the production service sector, utilizing its proprietary products to enhance and increase ultimate production in both conventional and unconventional horizontal oil and gas wells. It provides in-house design, manufacture of patented devices, reservoir analysis, and other related services. The company segments include Raise Efficient Artificial Lift system, Horizontal Artificial Recovery Technology and Corporate. It derives maximum revenue from the Raise Efficient Artificial Lift system segment. Geographically, it generates a majority of revenue from Canada and also has a presence in the US and Romania.


GREY:GLKFF - Post by User

Comment by rustycaton May 05, 2021 1:44pm
306 Views
Post# 33133161

RE:Raise's new arrangement with Q2 places RPC into a Royalty

RE:Raise's new arrangement with Q2 places RPC into a Royalty And to be crystal clear:

"Read on to learn about what happens to your patent when your company dissolves.

The patent creator usually assigns the patent to a company. When a business dissolves, the assets of the company are going to be distributed. If your company already had the patent prior to the company being dissolved, then the patent goes back to the original creator.

If you created the patent and registered it and the company was yours, then you will still own it. The patent always stays with the creator always. A simple way to look at it is that a patent is assigned to a person, not a business. The person can then assign their patent to a company or corporation. This turns the patent into an asset of the company. However, if the company dissolves the patent just reverts back to the person who assigned the patent."

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