[Download] "Penn v. Garabed Gulbenkian Et Al." by The Texas Court of Criminal Appeals # eBook PDF Kindle ePub Free

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eBook details

• Title: Penn v. Garabed Gulbenkian Et Al.
• Author : The Texas Court of Criminal Appeals
• Release Date : January 05, 1951
• Genre: Law,Books,Professional & Technical,
• Pages : * pages
• Size : 58 KB

Description

Plaintiffs below were the surviving heirs of Kerope Gulbenkian, a citizen of New York State, who died in 1940; their cause of action being in substance that Gulbenkian, owner of a certain patented formula, had, in December 1939, entered into an agreement with defendant Penn whereby exclusive right to manufacture, sell and use said invention was granted to the latter; that under terms of the license, said Penn became bound and obligated to pay a royalty of "fifteen cents (15?) a pound for each and every pound of bleaching product manufactured and sold by the defendant or his sub-licensees under the said patent No. 1836134, * * *"; that defendant had alternatively agreed to pay a minimum royalty of $250 per month, the license agreement extending to August 4, 1953, making regular payments thereon until July 1947, since which time defendant has failed and refused to pay the stated installments, though often requested to do so. The judgment rendered in favor of plaintiffs was in full of these $250 payments matured and to mature during the term of said license agreement.

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