Stewart Lamle invented Farook, a board game similar to Tic Tac Toe. In May 1996, Lamle began

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Stewart Lamle invented “Farook,” a board game similar to “Tic Tac Toe.” In May 1996, Lamle began negotiating with Mattel, Inc., to license Farook for distribution outside the United States. On June 11, 1997, the parties met and agreed on many terms, including a three-year duration, the geographic scope of the agreement, a schedule for payment, and a royalty percentage. On June 26, Mike Bucher, a Mattel employee, sent Lamle an e-mail titled “Farook Deal” that repeated these terms and added that they “ha[ve] been agreed [to] . . . by . . .Mattel subject to contract.. . .Best regards Mike Bucher.” Lamle faxed Mattel a more formal draft of the terms, but Mattel did not sign it. Mattel displayed Farook at its Pre-Toy Fair in August. After the fair, Mattel sent Lamle a fax saying that it no longer wished to license his game. Lamle filed a suit in a federal district court against Mattel, asserting, in part, breach of contract. One of the issues was whether the parties had entered into a contract. Could Bucher’s name on the June 26 e-mail be considered a valid signature under the Uniform Electronic Transactions Act (UETA)? Could it be considered a valid signature outside the UETA? Why or why not?

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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Business Law Text and Cases

ISBN: 978-0324655223

11th Edition

Authors: Kenneth W. Clarkson, Roger LeRoy Miller, Gaylord A. Jentz, F

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