Gibb v. Redway Manufacturing Co.

Eor the sale and assignment of certain letters patent the defendant agreed to pay $3,000, by installments at stated periods, and stipulated that upon itá default in any payment “ this *44contract may, at the option-of the said party of- the first part, be terminated, and all rights in and to the said letters patent and application for letters patent shall be reassigned to the said party of the first part, free from all lien, claim and incumbrance whatever.” Although not formally averred, - it is nevertheless apparent upon the complaint that the plaintiff made an assignment of the patents in…