Agreement Express Inc. is a Vancouver-based financial technology company that specializes in offering onboarding and customer relationship management solutions to wealth management and payment processing firms. The company was founded in 2001 by Michael Gardner and Brian Deck, and since then, it has established a reputation for providing innovative and efficient technology solutions to its clients.
Agreement Express Inc. has been involved in several legal battles over the years, especially with regard to intellectual property rights and patent infringement lawsuits. One of the most notable cases involving Agreement Express Inc. is the lawsuit it filed against DocuSign, another digital transaction management company based in San Francisco.
The lawsuit, which was filed in December 2019, alleged that DocuSign had willfully infringed on Agreement Express`s patent for its software that enables digital signing of documents. The patent at issue was granted to Agreement Express in 2017, and it covers a process that allows users to review and sign multiple documents at once, rather than one at a time. Agreement Express claimed that DocuSign had copied its patented technology and used it in its own products, thereby infringing on its intellectual property.
The lawsuit seeks damages for lost profits and royalties, as well as an injunction to prevent DocuSign from using the technology covered by the patent. The case is still ongoing, and both companies have traded counterclaims and motions.
Agreement Express Inc. has also been involved in other legal disputes over the years, including a lawsuit filed against it by a former employee. The employee claimed that Agreement Express had violated his employment contract and had failed to pay him the proper wages. The case was settled out of court for an undisclosed amount.
Despite the legal battles that Agreement Express Inc. has faced, the company has continued to thrive and expand its services. It has partnered with several leading financial institutions and payment processors, including Fidelity Investments, First Data Corporation, and TD Ameritrade. The company`s services have been recognized for their efficiency and effectiveness, and it has won several awards for innovation and excellence in the fintech industry.
In conclusion, Agreement Express Inc. is a Vancouver-based fintech company that has made significant strides in providing onboarding and customer relationship management solutions to wealth management and payment processing firms. While the company has faced some legal challenges, it has continued to grow and succeed in the competitive fintech landscape. Its ongoing lawsuit against DocuSign underscores the importance of protecting intellectual property rights in the technology industry.