King v. Gerold

Respondent is the inventor and designer of a house trailer known as the “Sport King.” On September 27, 1946, by a writing he licensed appellant to manufacture and sell such trailer for a period of six months—expiring March 16, 1947. It was agreed that (1) respondent should receive a royalty of $50 for each trailer sold at wholesale and $100 for each sold at retail; (2) if the license be not renewed after the initial six months’ period appellant “shall cease to produce said trailer for any purpose whatsoever.” The contract was drawn by appellant’s attorney. It was their mutual intention by the…