The Hartman, Keagy and Young Agreements

There was an ongoing relationship between Thomas L Hartman, EJW Keagy and HM Young dating back to at least 1931 prior to the Reymers agreement with EJW Keagy of 1932, Hartmand plan to apply for a patent on said device
For financial assistance Hartman grants one third interest to Keagy and one third interest to Young in both ownerhsip and revenues from the dispenser
The agreement goes on to say that should Reymers Brothers enter into a license agreement on the dispenser than Keagy would forfeit his one-third interest and royalties would be granted at 60-percent for Mr Hartmand and 40-percent for Mr Young.
It also calls for a 5-percent royalty from Reymers Brothers should an agreement be eecuted for the dispenser.
In additional should an agreement not be reached with Reymer Brothers than Clarence Grabe be paid Royalties not to exceed $400.00 a year for services rendered,
On April 25, 1936 Reymer Brothers Entered into a contractual agreement for the Hartman application,
It was entered into following a 1935 agreement between Young Hartman and Keagy which eliminated Keagy from receiving royalties from the dispensers themselves. But at the same time he was the only one receiving royalties from the Lem-N-Blennd that went through those dispensers.
Hartman and Youngs agreement with Reymer Brothers called for the pair to produce 50 dispnsers at a price not to exceed $3750.00
It called for Young and Hartman to be paid royalties on gross sales during the year of 1936 and each successive year after that
5% of the first $250,000.
4% upton $500,000.
3% upton $750,000.
2% upto 1,000,000.
1% over 1,000,000.

Categories: Your Memories of Blennd | 6 Comments

Post navigation

6 thoughts on “The Hartman, Keagy and Young Agreements

  1. Link exchange is nothing else but it is just placing the
    other person’s webpage link on your page at appropriate place and
    other person will also do similar for you.

  2. Hi there to every one, because I am truly keen of reading this webpage’s post to be updated daily.
    It carries pleasant material.

  3. I blog quite often and I really thank you for your information. The article has really peaked my interest.

    I will take a note of your site and keep checking for new
    information about once a week. I subscribed to your Feed too.

  4. Hey there would you mind letting me know which hosting company
    you’re using? I’ve loaded your blog in 3 completely different internet browsers and
    I must say this blog loads a lot faster then most. Can you recommend a good hosting provider at a honest price?
    Kudos, I appreciate it!

  5. Do you mind if I quote a few of your articles as long as I provide credit and sources
    back to your blog? My blog site is in the very same niche
    as yours and my users would really benefit from some of the
    information you present here. Please let me know if this alright
    with you. Cheers!

  6. What’s up, its pleasant article about media print, we all understand media is a wonderful source of facts.

Leave a Reply

Your email address will not be published.