Kent Mach. Co. v. Commissioner

6 T.C.M. 441, 1947 Tax Ct. Memo LEXIS 227
CourtUnited States Tax Court
DecidedApril 28, 1947
DocketDocket No. 8547.
StatusUnpublished

This text of 6 T.C.M. 441 (Kent Mach. Co. v. Commissioner) is published on Counsel Stack Legal Research, covering United States Tax Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Kent Mach. Co. v. Commissioner, 6 T.C.M. 441, 1947 Tax Ct. Memo LEXIS 227 (tax 1947).

Opinion

The Kent Machine Company v. Commissioner.
Kent Mach. Co. v. Commissioner
Docket No. 8547.
United States Tax Court
1947 Tax Ct. Memo LEXIS 227; 6 T.C.M. (CCH) 441; T.C.M. (RIA) 47112;
April 28, 1947
*227 John D. Wortman, Esq., and C. G. Rausch, C.P.A., 510 Metropolitan Bldg., Akron 8, Ohio, for the petitioner. Wesley Dierberger, Esq., for the respondent.

HARLAN

Memorandum Findings of Fact and Opinion

HARLAN, Judge: Respondent determined a deficiency in income tax of petitioner for the calendar year 1941 in the amount of $5,139.94.

The sole question presented for our decision is whether the respondent erroneously disallowed as a deduction the amount of $16,381.47 taken by the petitioner for "Development Costs (Abandoned)"

Findings of Fact

The petitioner, an Ohio corporation, was organized in 1907. Its offices are located in Cuyahoga Falls, Ohio, and its returns for the taxable year were filed with the collector of internal revenue at Cleveland, Ohio. It is engaged in the business of making complete machines and machine parts, and general machinery work.

For a number of years prior to 1938, the petitioner had been producing for sale a low cost cement block-making machine, known as a "tamping machine," which sold for $700. This was a low-production machine and petitioner was desirous of securing a high-production machine.

In midsummer of 1937, George J. Root*228 called at the office of petitioner with some photographs of a high-production machine for use in manufacturing cement building units, which he had invented. Root had manufactured one of these machines and it was in operation in Elmira, New York. He sought to interest petitioner in manufacturing and marketing the machine for commercial use. Petitioner's general manager visited the Elmira plant of Root, and saw the machine in operation. On December 9, 1937, an agreement was entered into between the Root Development Corporation and/or George J. Root, as licensor, and petitioner, as licensee, which, in part, provided as follows:

WHEREAS, the Licensor has invented, built and perfected a machine for manufacturing concrete block, tile, brick, and other building units, for which application for Letters Patent of the United States were filed on the 24th day of December, 1934, and serially numbered 758971, and

WHEREAS, the Licensee desires to manufacture, sell and/or lease building unit making machines in accordance with that disclosed in the application aforesaid,

NOW, THEREFORE, for and in consideration of the sum of One Dollar ($1.00) each to the other in hand paid, the receipt of which*229 is hereby acknowledged, and the performance of the terms and conditions hereinafter set forth, licensor agrees and does hereby license licensee, subject to the terms and conditions hereinafter mentioned:

1. To make, use, sell and/or lease any and all machines embodying any inventions or improvements covered by said application for Letters Patent of the United States of America, or applications for Letters Patent, relating or pertaining to inventions or improvements which are capable of use in connection with machines for making concrete building units any right, title and interest in which has been, or during the continuance of this agreement, may be, in whole or in part, acquired by Licensor, or under any licenses acquired by Licensor relating to the same.

2. This license shall continue to the end of the terms of any patents issued upon such above mentioned application or applications for Letters Patent, and Licensor agrees that while this license remains in force Licensor will not grant any other license relating to machines for making concrete building units to any other person, firm or corporation, except as hereinafter provided.

3. If Licensor, during the continuance of*230 this agreement, shall devise or acquire any inventions or licenses relating to machines for making concrete building units, Licensor shall communicate that fact to the Licensee; will furnish Licensee with the necessary data fully to disclose said inventions and improvements, and, if requested by Licensee will execute to Licensee separate licenses for the same, under the terms of this agreement.

In consideration of the above, and except during the first year, licensee agrees to sell five or more machines. In the event Licensee does not sell five machines in each year, after said first year, this contract may cease and determine, at the option of either party, upon thirty days' written notice sent by registered mail by the party desiring to terminate same, to the last known Post Office address of the other party hereto.

* * *

5. The Licensee shall proceed immediately to prepare complete working drawings and designs, and do such engineering work in connection with the machine for making building units and attachments mentioned in this contract as may be necessary to enable Licensee to build such licensed machine and will have Licensee's officers and engineers consult Licensor*231 and Licensor's engineer as to changes in design and construction, to reduce manufacturing, erection and installation costs to a minimum.

Licensee agrees not to make any changes in the design of said Root Machine, or improvement thereon, affecting principles of operation, without the approval and consent of the Licensor.

6. The Licensor shall furnish for the use of Licensee whatever drawings, patterns, and tools and fixtures which are now in Licensor's possession which may be useful in the design and manufacturing of the machines under this agreement. The Licensee shall not be held responsible for the condition or maintenance of any drawings, patterns, tools and fixtures delivered to Licensee under this agreement and no compensation covering the use or deterioration shall be paid by Licensee to Licensor at any time.

11. From the initial payment received from each and every machine sold or leased, the Licensor shall receive One Thousand Dollars ($1000.00) from which Licensor shall pay any and all royalties to any persons or corporations to whom Licensor is obligated, and the Licensee shall receive its total cost of building and installing the machine, including patterns, *232 jigs and fixtures, plus 10%. After payment of the above items, any profit remaining shall be divided equally between Licensor and Licensee.

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Cite This Page — Counsel Stack

Bluebook (online)
6 T.C.M. 441, 1947 Tax Ct. Memo LEXIS 227, Counsel Stack Legal Research, https://law.counselstack.com/opinion/kent-mach-co-v-commissioner-tax-1947.