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Blairs co.'s top officers approached an investment bank to find a buyer for the company. The bank sent an engagement letter to blair with the
- Blairs co.'s top officers approached an investment bank to find a buyer for the company. The bank sent an engagement letter to blair with the following language: "If, within 24 months after the termination of this agreement, blair is bought by anyone with whom bank has had substantial discussions about such a sale, blair must pay bank its full fee." Is there any problem with the drafting of this provision? What could be done to clarify the language?
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