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by kguttag
2412 days ago
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The patents show as Assigned to J.P. Morgan Chase. I'm not a lawyer, but I think it was done this way so the I.P. would immediately become J.P. Morgan Chase's in the case of default. We don't have access to the contract between Magic Leap and JP Morgan Chase to know what the exact terms and condition. Regardless, whereas before Magic Leap was able to raise money without putting up the I.P. as security for a loan. |
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