Award Of $800K Under Holdback Agreement Upheld By 3rd Circuit In IP Contract Row

( May 9, 2025, 1:58 PM EDT) -- PHILADELPHIA — The Third Circuit U.S. Court of Appeals on May 8 affirmed a lower court’s judgment that an employee who sold his software company to a company that manufactures electronic voltage instruments is entitled to an award of $800,000 pursuant to a holdback agreement regarding obtaining his revenue goals, finding that the lower court did not err in its determination that the employee’s interpretation of the agreement is “reasonable.”...