[D0104AAB], Letter from Thomas Alva Edison to Herman Ernest Dick, February 15th, 1901


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[D0104AAB], Letter from Thomas Alva Edison to Herman Ernest Dick, February 15th, 1901




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Thomas A. Edison Papers, School of Arts and Sciences, Rutgers University


Febry 15th, 1901
Herman Earnest Dick,
Chicago, Ill
Dear Sir:-
My proposition in regard to the sale and working of my new storage battery, in countries outside of North and South America, is this,- You to proceed immediately after satisfactory tests are made, to Europe, and enter into negotiations for the sale of the patents or rights, and to give your undivided attention to the object in view, until all the patents are disposed of in a manner satisfactory to myself. You are to pay al expenses of every kind on carrying out this understanding, and any cash, stock, or other valuable considerations which in the course of negotiations you are compelled to give away to effect a sale of the patents, and any other expenses are to be paid out of your share of the proceeds from the sale which I shall give you as your portion of the profits from the explorations of said patents.
The consideration which I will allow you for carrying out the above recited transactions, is one-half of all the proceeds received in cash, stock or other considerations, except royalties, on which I will allow you one-third instead of one-half.
Prices and conditions of sale for each country must be satisfactory to me before any commitments or binding understandings, or contracts are made.
Yours truly,
Thomas A. Edison
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