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Established royalty

Defined in 1 dictionary — Case Law

Definitions from Case Law

From 57 U.S. 480 - Seymour v. McCormick · 1853Most cited · 169 citing opinions

Where an inventor finds it profitable to exercise his monopoly by selling licenses to make or use his improvement, he has himself fixed the average of his actual damage, when his invention has been used without his license. If he claims any thing above that amount, he is bound to substantiate his claim by clear and distinct evidence. When he has himself established the market value of his improvement, as separate and distinct from the other machinery with which it is connected, he can have no claim in justice or equity to make the profits of the whole machine the measure of his demand.