Court of Appeals for the Seventh Circuit February 26, 2004, 03-2575 (Adco Oil Company v. Michael J. Rovell)

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United States · · · 26-02-2004

EASTERBROOK, Circuit Judge.

Adco Oil Company developed a means to increase the recovery of natural gas from underground deposits and assigned this intellectual property to Hugoton Joint Venture 1986(HJV), in exchange for a partnership interest: Adco was entitled to 20% of any returns exceeding $1.1 million.

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