Harry J. Sonneborn: Mr. Kroc, if you're not making money hand over fist, something's terribly wrong.
Ray Kroc: If I saw a competitor drowning, I'd shove a hose down his throat.
Ray Kroc: You know what - contracts are like hearts, they are made to be broken.
Mac McDonald: Dick. We will never beat him. We will never be rid of him.
Mac McDonald: This is not your company, Ray.
Dick McDonald: There's a wolf in the hen-house. We let him in.
Ray Kroc: If you've got time to lean, then you've got time to clean.
Answer: 1. Yes, he pretty much cheated them out of their restaurant, royalties, intellectual property, etc. 2. Ray elaborates on this towards the end of the film when is on the phone with them. He's generated so much revenue from his real estate venture that he can afford to tie them up in court for years and drown them in legal fees if they decided to sue him for breach of contract. This is why they decide to surrender the company and everything that came with it in exchange for $1 million each and 1% perpetuity, the latter of which they never received.
Phaneron