Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Einstein Financial Analysts, Inc. (EFA), has developed an electronic database that has recorded the number of plastic pails manufactured and sold in the US since

Einstein Financial Analysts, Inc. (EFA), has developed an electronic database that has recorded the number of plastic pails manufactured and sold in the US since plastic was first invented. Using this data a complicated patented software mathematical formula developed by EFA, a user can predict with 100 percent accuracy (historically) how the stock of each of the companies of the Dow Jones Industrial Average will perform on any given day of the year. William Buffet, as astute billionaire investor, wants to increase his wealth, so he enters into an agreement with EFA whereby he is granted teh sole right to use the EFA data (updated daily) and its financial model for the next five years. Buffet pays EFA $100 million for the right to the data and mathematical formula. After using the data and software for one week, Buffet discovers that EFA has also trasferred the right to use the EFA plastic pail database and software to his competitor. Buffet sues EFA. What type of arrangement have EFA and Buffet entered into? Who wins?

I am struggling to find statutes and or case law for this question - any assistance is greatly appreciated.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Bluebook A Uniform System Of Citation

Authors: Harvard Law Review, Columbia Law Review, Yale Law Review

21st Edition

0578666154, 978-0578666150

More Books

Students also viewed these Law questions

Question

=+d) What components would you now say are in this series?

Answered: 1 week ago

Question

Pollution

Answered: 1 week ago

Question

The fear of making a fool of oneself

Answered: 1 week ago