Meyer v. Roesel

482 So. 2d 444, 11 Fla. L. Weekly 168, 1986 Fla. App. LEXIS 5857
CourtDistrict Court of Appeal of Florida
DecidedJanuary 8, 1986
DocketNo. 85-334
StatusPublished
Cited by3 cases

This text of 482 So. 2d 444 (Meyer v. Roesel) is published on Counsel Stack Legal Research, covering District Court of Appeal of Florida primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Meyer v. Roesel, 482 So. 2d 444, 11 Fla. L. Weekly 168, 1986 Fla. App. LEXIS 5857 (Fla. Ct. App. 1986).

Opinion

GRIMES, Acting Chief Judge.

This appeal turns upon the construction of certain agreements concerning the exploitation of an invention.

In 1967, John F. Roesel, the inventor of an electric generator and the owner of patents thereon, entered into an agreement (1967 agreement) under which Rohe Meyer acquired a 10% interest in the invention in consideration of his legal services rendered as a patent attorney concerning the invention. The agreement recited that the “sale is a sale of a ten percent (10%) interest to all rights in said invention, including the right to make, use and sell same.” The agreement further provided that if Meyer should sell or attempt to sell or otherwise dispose of any rights obtained under the agreement without Roesel’s written consent, Roesel would have the option of reacquiring all of the rights transferred to Meyer. In such event, “all consideration advanced” by Meyer to Roesel as payment would be returned. Although there was no prohibition against the rights in the invention passing by will or descent, the agreement specifically provided that in the event of death, it would be binding upon the decedent’s heirs or beneficiaries and that Roesel would have the same option of reacquisition against them if they should sell or attempt to sell or dispose of “any rights granted hereunder” without his consent.

The 1967 agreement also provided that if Roesel should negotiate a sale with a third party and Meyer refuse to join in the sale with respect to his interest in the invention, Roesel would again have a right to reacquire all of his rights transferred under the agreement. In this instance, however, Roesel would be obligated to return the consideration plus interest at 6%.

Roesel sold similar interests in the invention to other individuals and corporations. On November 1, 1968, all of the owners of interests in the invention (including Roesel and Meyer) as “sellers” entered into a sales agreement with Jebco, Inc. (1968 agreement). The 1968 agreement transferred to Jebco all rights to the invention in the following language:

NOW, THEREFORE, Sellers hereby sell, assign, transfer and deliver said inventions, patent applications and all rights (including without limitation the rights to use, sell and manufacture) in and to said inventions and patent applications and patents issuing thereon as well as any further modifications, improvements, or adaptations of said inventions and patent rights thereon, in the United States and all foreign countries....

Under the agreement Jebco was given the right to sell, assign or license in the United States and all foreign countries “any portion of or all rights in and to said inventions.” There was no requirement that Jebco obtain the consent of Roesel before it could sell any interest in the inventions and no restraints on Jebco alienating any interest that it received. Jebco agreed to transfer to the “sellers” 25,000 shares of its common stock and to make certain minimum payments to the sellers during the term of the agreement calculated upon a percentage of the monies derived by Jebco from the use of the invention. If the payments were not made, the holders of the majority interest of “seller’s rights under this agreement,” would have the right “to recover” said invention and patent rights. Jebco also had the right to terminate the agreement and thereby relieve itself from the obligation to make further payments in [446]*446which event Jebco would reassign all rights to the invention to the sellers.

In the early 1970’s, Jebco sold the invention to Precise Power Corporation (Precise), and a formal assignment was recorded in the United States Patent Office. Precise assigned back to Jebco “the entire interest” in the patents for the invention as security for the unpaid purchase price. Subsequently, Jebco reassigned “the entire interest” in the patents back to Precise.

Rohe Meyer died in 1978 and Marie G. Meyer was appointed personal representative of his estate. Sometime in 1980, Roe-sel, Jebco and other parties, including the personal representative, executed an “assignment” that recited as follows:

Roesel, Jebco and the other parties whose signatures are affixed below wish to evidence by this agreement the vesting of all rights of ownership in and to said patents in Precise Power Corporation, as a matter of record in the U.S. Patent Office; [and by such assignment did] ... sell, assign and transfer unto Precise Power Corporation the full and exclusive right for the territory of the United States of America, and for all foreign countries in and to said Letters Patent....

The signatories, including the personal representative, assigned unto Precise “all their interest in” any other inventions constituting modifications, improvements or adaptations of said inventions.

On May 15, 1980, Precise, Roesel, the personal representative and others entered into another agreement wherein Roesel, the personal representative and others were referred to as “backers” (1980 agreement). This agreement confirmed the provisions and recitals in the previous agreements by again reciting the following:

[On] November 1, 1968, ... Backers did sell and assign as owners their entire right and interest in certain letters patent, including future inventions ... [to Jebco and that] ... by an agreement dated August 20, 1974, and other agreements and assignments dated prior to August 20, 1974, Jebco did assign its entire interest in said Letters Patent to Precise subject to the terms and conditions of the Sales Agreement of November 1, 1968.

The 1980 agreement further recited that The Continental Group, Inc., had offered to purchase an option for a license for the letters patent from Precise. It provided that upon certain approvals and the exercise of the option by Continental, the personal representative and the other backers would not declare a default under the 1968 agreement and would modify the amounts due them under such agreement. The payments due from Continental were to be made to a “trustee.” Thereafter, Continental exercised its option under the 1980 agreement and began making payments to the law firm of Kirk, Pinkerton, Savary, Carr and Strode, as trustee.

On June 26, 1980, Charles E. Early, the attorney for the personal representative, mailed a letter to certain backers, including Roesel and his attorney, stating that the estate was interested in selling its Jebco stock and its interests as a backer and invited a submission of a purchase offer. Roesel took the position that Early’s letter constituted an attempt to sell the rights acquired by Meyer in the 1967 agreement in violation of the provisions of that agreement. Roesel brought suit against the personal representative to declare a forfeiture of her rights in the invention. Roesel joined the trustee as a defendant seeking to obtain the monies held by the trustee which were payable to the personal representative under the 1968 agreement. The personal representative counterclaimed for a determination that she could sell her interest in the 1967 agreement free of the right of reacquisition by Roesel. The personal representative also filed a cross-claim against the trustee for her share of the Continental payments held by the trustee. According to expert witnesses who testified at the nonjury trial, the value of Meyer’s legal services to Roesel concerning the invention did not exceed $500, and this was the amount that Roesel sought to pay for reacquisition of the personal representa[447]*447tive’s rights under the 1967 agreement.

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Cite This Page — Counsel Stack

Bluebook (online)
482 So. 2d 444, 11 Fla. L. Weekly 168, 1986 Fla. App. LEXIS 5857, Counsel Stack Legal Research, https://law.counselstack.com/opinion/meyer-v-roesel-fladistctapp-1986.