[D8704AGM1], Agreement, Thomas Alva Edison, 1887
https://edisondigital.rutgers.edu/document/D8704AGM1
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Title
[D8704AGM1], Agreement, Thomas Alva Edison, 1887
Editor's Notes
[Draft contract] TAE agrees to give 1st option to company to manufacture all his inventions suitable for manufacturing, except those relating to incandescent electric lighting, milling ores, telegraph, telephone & phonograph; after accepting any particular invention for manufacture, the company will pay the actual expenses of experiments and sell enough stock to raise the money to manufacture and supply article to market; for every 100 shares sold TAE is to receive 90 shares and "all future increases made and all future increases made for manufacturing purposes or otherwise Edison is to receive stock in the above proportion"; cash stock is to be a preferred stock to this extent: first 5% goes to preferred stock; after that any surplus is paid to the [illegible] & Edison in equal percentages per share; 2nd proportion [?]--"Bonds second by mortgage in Real Estate bldg & machinery are issued at par for money; 5% interest--stock in proportion of 100 to Bonds & 100 to Edison to be issued & all surplus over the Bond interest to be divided equally on stock"; any invention TAE submits to company that is refused in 6 months or sooner, he is free to sell elsewhere with no charge to company for experiment.###TAE to have charge of "technical part" up to delivery of manufactured goods during the term of the contract "and to be relinquished anytime after the 2nd year interest has not be [sic] earned on the bonds & 5 percent on the stock--"
Supplied year
Author
Date
1887-00-00
Type
Folder/Volume ID
D8704-F
Microfilm ID
119:367
Document ID
D8704AGM1
Publisher
Thomas A. Edison Papers, School of Arts and Sciences, Rutgers University