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ZAROW v. BETA/RAVEN INC.

Nos. 89-1161, 89-1163.

957 F.2d 446 (1992)

Albert I. ZAROW and Feed Pelleting, Incorporated, an Illinois corporation, Plaintiffs-Appellants, Cross-Appellees, v. BETA/RAVEN INCORPORATED, a Missouri corporation, Defendant-Appellee, Cross-Appellant, and Raven Industries, Incorporated, a South Dakota Corporation, Defendant-Appellee.

United States Court of Appeals, Seventh Circuit.

Decided March 6, 1992.

Attorney(s) appearing for the Case

John E. Fick, Thomas Sly (argued), Samuels, Miller, Schroeder, Jackson & Sly, Decatur, Ill., for plaintiffs-appellants, cross-appellees.

William F. Trapp, Brown, Hay & Stephens, Springfield, Ill., Richard E. Haferkamp (argued), Bryan K. Wheelock, Rogers, Howell, Moore & Haferkamp, St. Louis, Mo., for defendant-appellee.

Before RIPPLE and KANNE, Circuit Judges, and NOLAND, Senior District Judge.

KANNE, Circuit Judge.

Albert I. Zarow and Jay Volk co-invented an automatic pellet producing system (Zarow patent). Volk assigned his interest in the patent to Beta St. Louis, a corporation of which he was a principal stockholder, officer and director. In September, 1977, Zarow, as licensor, and Beta St. Louis, as licensee, entered into a patent agreement in which Zarow licensed his interest in the patent to Beta St. Louis and was to receive royalties based on Beta...

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