29-12-2017, 11:44 PM
(This post was last modified: 30-12-2017, 02:20 AM by Tony Press.)
(29-12-2017, 04:44 PM)Dave Mann Wrote: This is similar to a lot of railway chief mechanical engineers of the period, who developed all sorts of not so useful modifications which they patented and collected the money on.
As noted above the Austin board agreed to produce the Seven, paying Herbert Austin two guineas per car- I would have thought that this agreement would mean that he had ceded the rights to the patents (what about the rights of young Stanley ?)
It seems highly unlikely that Herbert would have been paid around 16 pounds per car on top of the agreed two guineas, which would equate to more than 4 million pounds over the production life.
I wonder where did this suggestion came from - was there in fact a one off payment for the patents ?
Cheers, Tony.