Creates machine that enables a manufacturer to make screws

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Grover creates a machine that enables a manufacturer to make screws with 50 percent less waste than the industry norm. He patents his process and then decides to license the patent to Markham Manufacturing for a small royalty fee and a promise that Markham will buy a key ingredient needed to produce the screws from Grover. Is there anything wrong with this contract?

Reference no: EM131476745

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Creates machine that enables a manufacturer to make screws : Grover creates a machine that enables a manufacturer to make screws with 50 percent less waste than the industry norm.
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