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J. & E. Stevens Co. — Agreement with D. R. Gondie — Aug. 30,
1884
Agreement by and between D. R. Gondie of Chicago, Ill. Of the
first part, and The J, & E. Stevens Co. of Cromwell, Conn. of the
second part.
Whereas the said D. R. Goudie is the owner of a certain
invention known as the Multiplying Money Bank, patented Aug. 14, 1883,
No. 282,978, also of an invention known as the Gondieoscope
which is manufactured ubder said patent, he hereby agrees to lease his
patent to The J. &. E Stevens Co. exclusively for the term of five
years from the date of this agreement.
The said The J. & E. Stevens Co. agree to use their best efforts
to procure an extensive sale of the said invention and to pay to the
said D. R. Gondie royalty as follows for the same on all goods
manufactured and sold under said patent – forty (40¢)
cents per dozen for the banks sold to retail @ 50¢
each, eighty (80¢) per dozen
for the banks sold to retail @ one dollar each, and thirty five (35¢)
cents per dozen for the Gondieoscope. The sum of five hundred dollars
($500) paid this day to the said D. R. Gondie is to be dedicted from
the first royalty due.
Returns of all sales to be made, and royalty paid January 1st
and July 1st of each year.
It is further agreed that, should the said The J. & E. Stevens
Co. at any time persistently fail to comply with the stipulations
named, all rights to the said invention shall thereupon revert to the
said D. R. Gondie.
Dated August 30th, 1885
D. R. Goudie
In the presence of
N. E. Colunond
In the presence of
Robt. S. Griswold
The J. & E. Stevens Co. L.S.
Edward S. Coe, Treas. |
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