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conditions or motives for a merger. Bakelite had certain patents and Condensite had some. either of the companies could operate without infringing the patents of the other Therefore first a cross license of these patents had been given. This however proves insufficient in view of new patents arriving all the time. So a merger is proposed In the mean time Redmanol who is an infringer of the Bakelite patents and declared so by Federal Court and declares itself beaten and drives for an agreement for accounting for damages, etc.
We tell them, that we will not ask for an injunction nor damages and instead of stopping their businesses
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we would, we are willing to purchase their equipment good will and other assets and give the men now engaged in infringing our patents a chance to work for the rightful patentees instead of pirating and their help to build up further an essentially American Industry, the only coal tar industry born and developed in the U.SA. but which will have to stand the onslaught of the combined attacks of foreign manufacturers in this branch of industry. That [[strikethrough]] in relu [[/strikethrough]] as a fair adjustment and as an incentive of cooperation [[strikethrough]] instead [[/strikethrough]] we will [[strikethrough]] sp [[/strikethrough]] issue to them part of our stock, this stock to be calculated proportionately to their assets and good will