Business > CASE STUDY > C.K. Coolidge, Inc. (Abridged), By John Hammond (Case Notes/ Answer with Free Case File) (All)
C.K. Coolidge, Inc. (Abridged), By John Hammond (Case Notes/ Answer with Free Case File)
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C.K. Coolidge has been sued for patent infringement. They have been producing a chemical called Varacil for many years believing, apparently, that it was their own invention. Tolemite Corporation, t... he patent holder, is now suing for a royalty of 10% on all past sales and future sales over the remaining lifetime of the patent (7 years). A third interested party is BARD. They sell 65% of all Varacil on the market (to Coolidge's second largest 11%). They have been paying a 4% royalty to Tolemite. They also have an agreement that on any subsequent licensing agreements by Tolemite (of which Coolidge may soon be one), BARD will receive any of the royalties in excess of 4%. In effect BARD pays a 4% royalty on any Varacil made under license, but receives any excess royalty that it can negotiate. [Show More]
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