Klein v. ACCO Products, Inc.

MANTON, Circuit Judge.

Fred J. Klein, Sr., of Detroit, Mich., and Fred J. Klein, Jr., of New York, father and son, entered into an agreement March 25, 1913, forming a partnership to continue the business theretofore conducted by the son under the trade-name of American Clip Company. Prior to this, the father financed the son’s business. The agreement, in substance, provided that each was to have coequal rights in and to the business and to all of its assets and neither to have any claim against the other for anything prior to the date of this agreement. No personal service whatsoever was…