OTNOTT v. MOLECULAR CHEMICALS, INC.

No. 5659.

293 So.2d 260 (1974)

Henry J. OTNOTT and Henry J. Voelker v. MOLECULAR CHEMICALS, INC.

Court of Appeal of Louisiana, Fourth Circuit.

April 19, 1974.


Attorney(s) appearing for the Case

Corwin B. Reed, Metairie, for plaintiff-appellants.

Perrin C. Butler, New Orleans, for defendant-appellee.

Before SCHOTT, J., and LeBRUN and St. AMANT, JJ. Pro Tem.


W. C. LeBRUN, Judge Pro Tem.

On March 20, 1963, plaintiffs and defendant entered into a written contract which contained the following pertinent provisions: Plaintiffs assigned to defendant the use of a traffic safety device which plaintiffs had invented and in connection with which they had applied for a United States patent; defendant was to advance the funds necessary for the manufacture of the devices by plaintiffs up to the sum of $6,250 or for 25 of the units...

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