Published On: Thu, May 15th, 2014

C’tee dismisses patent claim against Iscar


Gideon Barazani, a former senior engineer at Iscar, sought compensation for Iscar patents.

American Billionaire Warren Buffett On A Two-Day Tour Of Israel

Sources inform ”Globes” that, after a legal battle of many years, the Committee for Compensation and Severance recently dismissed the claim filed by Gideon Barazani (54), a former senior engineer at Iscar Ltd. for compensation for Iscar patents (service invention), which he alleges help the company’s development when he worked there.

The main argument of the committee, chaired by Judge Emeritus Prof. Itzhak Englard, in dismissing Barazani’s claim is that he had agreed with Iscar at the end of his employment that he had no claims of any kind against the company.

The other Compensation Committee members are Commissioner of Patents Asa Kling and Prof. Michael Talinker.”When the parties agree to terminate their relationship and to prevent possible legal proceedings in the future, their agreement is valid, even if it involves questions with regard to compensation owed the employee for patents in which he was a party in their development, ” ruled the committee.

Barazani acquired his degree at the Technion Israel Institute of Technology, and worked at Iscar R&D department as a programmer and developer of tools for processing processers between January 1992 and December 1995. He subsequently worked at the company between April 1997 and March 2001.

Berkshire Hathaway Inc. (NYSE: BRK.A), controlled by Warren Buffett, acquired 80% of Iscar from the Wertheimer family in 2006 and bought the rest of the company 18 months ago.

Iscar_Logo_Mini

Barazani claimed that, during his time at Iscar, he was involved in at least six inventions, which were later patented. After leaving the company for the second time, he signed a declaration promising that, following his voluntary departure from the company, and after receiving the rights he was eligible for, he had no further claims against Iscar.

However, in December 2010, he petitioned the Committee for Compensation and Severance for compensation for a ruling pursuant to Article 134 of the Patents Law.

In response, Iscar stated that the claim should be dismissed, partly because the employee signed documents at the end of his employment in which he waived his right to compensation for inventions he made during his work.

Published by Globes [online], Israel business news – www.globes-online.com 

Read more about: , , , ,

Wordpress site Developed by Fixing WordPress Problems