WADDILL, Commissioner.
Neither appellant, Fred Cain, nor appellee, S. C. White, when terminating their partnership business in 1954, desired to dispose of his interest in a certain clip wheel upon which they had applied for a patent. Instead, they made it the subject of a separate contract by the terms of which Cain was permitted to manufacture this wheel so long as he paid White 55¢ for each unit he sold and guaranteed him a minimum payment of $500 a year. Pursuant...
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