Testator developed and patented a method and machine for manufacturing paper lollipop sticks and in 1939 sold his interest in the patent pursuant to a contract calling for payment of $12,500 and 5% of the selling price of the products from time to time manufactured under the patent. Testator died in 1944 and by his will bequeathed his interest in the contract in trust for the benefit of designated beneficiaries. For purposes of the New York estate tax, the contract was appraised...
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