Radio Corp. of America v. Philadelphia Storage Battery Co.

Layton, Chief Justice,

delivering the opinion of the

court:

This cause is before the court on an appeal from a decree of the late Chancellor enjoining a threatened cancellation of a license granted by RCA to a licensee to manufacture and sell radio apparatus, and by it assigned to PSB with the consent of the licensor; establishing, by interpretation of the license agreement as amended, a base for the computation of royalties; and, consequently, setting a formula for an accounting between the parties.

In the documents constituting the license agreement the terms, “receiver,” “complete radio…