(Download) "U.S. Valves, Inc. v. Dray" by Federal Circuit U.S. Court of Appeals # eBook PDF Kindle ePub Free
eBook details
- Title: U.S. Valves, Inc. v. Dray
- Author : Federal Circuit U.S. Court of Appeals
- Release Date : January 22, 2000
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 64 KB
Description
Appealed from: United States District Court for the Southern District of Indiana Judge Richard L. Young Robert F. Dray, Sr. (Dray) exclusively licensed his patent to U.S. Valves, Inc. in 1991. After his business relationship with U.S. Valves deteriorated, Dray himself began manufacturing and selling valves with the patented technology. U.S. Valves sued Dray for breach of contract, claiming that Dray sold valves covered by the licensed patents. Dray counterclaimed, seeking an accounting and damages for unpaid royalties. The district court found that Dray had sold valves in violation of the agreement, issued a permanent injunction barring Dray from making any further sales, and awarded U.S. Valves damages of $241,351.17. See U.S. Valves, Inc. v. Robert F. Dray, Sr., EV-96-66-C-Y/H (S.D. Ind. Oct. 13, 1998) (Dray I). Dray appeals the judgment. U.S. Valves appeals the amount of the damages award. Because the trial court correctly ascertained liability, but misapplied important principles of calculating damages, this court affirms-in-part, reverses-in-part, and remands. I.