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.