J. & E. Stevens Co. — Donkey Savings aka
Mule Entering Barn Bank
Agreement with Edward L. Morris —
July 6,
1880
Agreement by and between Edward L.
Morris of Boston, Mass., of the first part, and The J. & E. Stevens
Co., of Cromwell, Conn. of the second part.
Said Morris being the owner of a certain invention known as the
"Donkey Savings Bank", for which application for letters patent was
filed April 19th, 1880, and claim allowed June 30, '8. hereby agrees
to lease to the said J. & E. Stevens Co., on account of the
considerations herein after named, his interest in the said
invention for the term of five years from the date of the said
patent.
Said J. & E. Stevens Co. hereby agree to pay to said Morris as
royalty for the use of the said invention the sum of Thirty-five
cents (.35) for each dozen of 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
Morris their books containing the record of such sales. They further
agree to pay to said Morris upon signing of this contract, the sum
of Two Hundred Dollars ($200.00), the same to be charged to him on
royalty account but in no case to be by him refunded except upon
failure by him to secure the said letters patent.
It is further agreed that should the said J. & E. Stevens Co,
at any time persistently fail to comply with the conditions of this
contract all rights under the said patent shall thereupon revert to
the said Morris.
Edward L. Morris
Cromwell, Conn., July 6th, 1880
Witness
R. S. Griswold, The J. & E. Stevens Co.
E. S. Coe, Tr
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