Contracts - Volumatic v Ideas for Life
Rolls Building Author Basher Eyre Licence CC BT-SA 2,0 Source Wikipedia Rolls Building Jane Lambert Intellectual Property Enterprise Court (Mr David Stone) Volumatic Ltd v Ideas for Life Ltd [2019] EWHC 2273 (IPEC) (29 Aug 2019) This was a claim by Volumatic Ltd ("Volumatic") for specific performance of an agreement that was alleged to have neem entered by Ideas for Life Ltd. ("IFL") for the assignment of "all property rights" including certain patents in a banknote pouch for Volumatic's cash counting machines to be designed by IIFL. IFL resisted the claim on a number of grounds including whether the alleged agreement (referred to in the judgment as "the Agreement") was legally binding and, if it was, whether it could be specifically enforced. At the case management conference, Judge Hacon had listed the following issues to be tried: "1. Whether the Agreement (alternatively stages 2 and 3 of the Agreement) has contra...