Innovative Business Solutions, Inc. Wins Settlement for Intellectual Property Infringement
June 28th, 2010
Chevron USA sued IBS for damages and intellectual property right violations over software licensed to Chevron for land management of its oil and gas properties. Chevron re-engineered the software for use in their business. Chevron asserted the software had bugs and that they owned the intellectual rights to the code. IBS claimed that Chevron created an unauthorized derivative work by converting COBOL to Windows code. IBS sought to block Chevron from using the software in the future. This case hinged on infringement of trade secrets, copyright violation, breach of contract, and business tort matters. IBS settled prior to trial. The terms of Chevron’s settlement payment are confidential.
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