Foster Hose Supporter Co. v. Thomas P. Taylor Co.

Thomas P. Taylor is the owner of a nonassignable license from the complainant’s assignor to manufacture and sell hose supporters *1004under letters patent 638.540. He manufactured these hose supporters, along with a large variety oí other articles, until September 26, 1907, when he organized the Thomas P. Taylor Company, the defendant corporation, to which he conveyed his factory, machinery, stock on hand etc., in exchange for all the capital stock except three shares, each of which was put in the name of other persons to qualify them as directors. He did not assign the license in question to the…