J. & E. Stevens Co. — Eagle Bank aka
Eagle and Eaglets Bank
Agreement with Charles M. Henn —
1883
Agreement by and between Charles M. Henn
of Chicago Illinois of the first part and The J. & E. Stevens Co. of
Cromwell, Connecticut of the second part.
Said Charles M. Henn being the owner of a certain invention
known as Eagle Bank for which application for letters patent was
filed Sept 29, 1882 and claim allowed Jan 23, 1883. hereby agrees to
lease to the said J. & E. Stevens Co. on account of the
consideration herein after his entire interest in the said invention
for the term of 15 years from the date of the said patent.
Said The J. & E. Stevens Co. hereby agree to pay to said
Charles M. Henn as royalty for the use of the said invention the sum
of forty five cents for each dozen of the toys by them manufactured
and sold returns to be made January 1st and July 1st semi-annually.
They further agree to use their best efforts to extend the sale of
the said toys and if requested to exhibit to the inspection of said
Charles M. Henn their books containing the record of such sales.
It is further agreed that should the said The J. & E. Stevens
Co. at any time persistently fail to comply with the conditions of
this contract all rights under the said patent shall revert to the
said Charles M. Henn.
Charles M. Henn
In the presence of John D. Quinton
The J. & E. Stevens Co.
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