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Nov. 29. At 9 AM at office of R&H Co. for further conference. Kaspen Redman, Kirk Brown, Sanford Brown, Hamman, Hays, Townsend & myself. Schleussner absent on account of illness
Kaspen again start protesting against "penalty" of division by 4 of his good will as calculated by our formula and proposes instead indemnity to be calculated on royalty due on account of infringement of adjudicated patents I tell him again this is not a penalty" but a confirmation to General Bakelite Co and Condensite for blazing the trail for him That furthermore royalties calculated on infringements on molding material or on compo
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site cardboard would not cover the whole field. That we have obtained evidence at the trial that they are infringing other patents in their transparent goods or which we intended to sue them. That however if indemnity was sufficiently high and equivalent to what we expect we might accept it. It is for them to make a proposal
He then came back that my method for computing good will is so unusual, has no precedent, is so different from methods previously employed etc.
Told him its only merit is simplicity in view of the fact that if we try to determine profits by any other method we will have to wrangle about different methods of bookkeeping