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UMAX is a corporation that specializes in motion picture technology and offers proprietary software and equipment for showing UMAX movies. UMAX entered into a lease
UMAX is a corporation that specializes in motion picture technology and offers proprietary software and equipment for showing UMAX movies. UMAX entered into a lease with The Baker Center for an UMAX system so that the Center would be able to play both educational films as well as Hollywood 3D blockbusters. Per the terms, The Baker Center leased the UMAX system and agreed to pay both an annual maintenance fee of $40,000 and the annual rent to UMAX which would be the greater of seven percent of the box office receipts or $75,000, due in monthly payments. Several years into the lease, 3D movie technology changed and the UMAX system was no longer able to play the films. The Baker
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