The verbal patent association agreement was formalized in a memorandum of agreement on February 27, 1875. An approximate 10% interest of the patent association was later assigned by its principals to Bell's technical assistant Thomas Watson, in lieu of salary and for his earlier financial support to Bell while they worked together creating their first functional telephones. Hubbard later registered some of his shares with two other family members. It was established verbally in 1874 to be the holders of the patents produced by Alexander Graham Bell and his assistant Thomas Watson.Īpproximately one-third of these interests were at first held by Gardiner Greene Hubbard, a lawyer and Bell's future father-in-law Thomas Sanders, the well-to-do leather merchant father of one of Bell's deaf students (and who was the first to enter into an agreement with Bell) and finally by Alexander Graham Bell. The Bell Patent Association (Febru– July 9, 1877, a name later assigned by historians), was not a corporate entity but a trusteeship and a partnership. The master telephone patent, 174465, granted March 7, 1876 The American Bell Telephone Company evolved into the American Telephone & Telegraph Corporation (AT&T Corporation), at times the world's largest telephone company. The National Bell Telephone Company merged with American Speaking Telephone Company on March 20, 1880, to form the American Bell Telephone Company, also of Boston, Massachusetts. Theodore Vail then took over its operations at that point, becoming a central figure in its rapid growth and commercial success. The two companies merged on February 17, 1879, to form two new entities, the National Bell Telephone Company of Boston, and the International Bell Telephone Company, soon after established by Hubbard and which became headquartered in Brussels, Belgium. Upon its inception, the Bell Telephone Company was organized with Hubbard as "trustee", although he was additionally its de facto president, since he also controlled his daughter's shares by power of attorney, and with Thomas Sanders, its principal financial backer, as treasurer. The Bell Telephone Company was started on the basis of holding "potentially valuable patents", principally Bell's master telephone patent #174465. The Bell Telephone Company, a common law joint stock company, was organized in Boston, Massachusetts, on July 9, 1877, by Alexander Graham Bell's father-in-law Gardiner Greene Hubbard, who also helped organize a sister company – the New England Telephone and Telegraph Company. The Bell Telephone Company and its successors created the Bell System and drove its expansion. A Bell System logo (called the Blue Bell), used from 1889 to 1900.
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