Brief for the United States (1914)

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J'AHI" IV. .O.'i iiii;' ni.'iclii IK'S not licensed hy the licensor or the license for which has heen terminated. (Sec. 18.) ]'.). The |)ai'ties a^ree that nine licenses shall he issued and that ik* (â–ºthei* person shall ohtain a license e.\ce|)t hv a majority \'ole (d* the license(^s, on the basis ol' one \'ole for each tlionsand rmininii; IVct ol* new subjects. (Sec. 20.) 14. The licensor ai^rces tliat i1 will issue licenses to uiaivc and sell exhil)itiug oi* [)rojectiug uiacliines containing the inventiiais described in the letters patent assigned, but that it will not license any person exc(^pt upon the condition that the sale and purchase of such machine gives only the right to use it solely for exhibiting inotion-])ictures leased by a licensee of the licensor. (Sec. 20.) f'). The licensor agrees to charge a royalty of $5 on every such machine. These are called the machine royalties." Tlie licensor agrees to license the licensee to make and sell exhibiting machines. (Sec. 20.) 17. It is provided that the licensee may renew the agreement by giving notice to the licensor before April 20 of each year until August, 1919, the date of the expiration of the letters patent 707931, known as the Latham loop patent. (Sec. 21.) 8. The roitaJ exchange agreements. (Pet., p. 20.) As stated above the manufacturers' license agreement adopted December 18, 1908, requires the manufacturer to lease fihn to rental exchanges