Chou is the inventor of a new strategy game he named Strat. The exclusive negotiation agreement stipulated that no distribution contract existed unless it was in writing. Just three days before the expiration of the day period, the parties reached an oral distribution agreement at a meeting. Chou offered to draft the contract that would memorialize their agreement.
In the scenario, Chou invents a strategy game titled Strat. The legal issues presented are as follows: At what point, if ever, did the parties have a contract? BTT and Chou must exhibit mutual assent to determine when a contract was reached.
The contract is determined to be valid if shown that an offer was made by BTTand there was acceptance by Chou.
This shows mutual assent as the promisee, Chou, gave up a legal right and the promisor, BTT, made its promised based on a mutual exchange.
Additionally, Chou and BTT reached an oral agreement for distribution on day 87 of the day exclusive negotiation agreement with an understanding that Chou would generate a written contract to memorialize the agreement.
The exclusive negotiation agreement shows the intent of BTT to reach a written agreement with Chou to distribute Strat. Second, BTT sent an email detailing the terms of the oral agreement reached by both parties on day 87 of the exclusive negotiation agreement.
Does the fact that the parties were communicating by e-mail have any impact on your analysis in Questions 1 and 2 above? Although email is not an ideal venue of communication for a legal agreement, the language used in the communication by BTT is sufficient to reasonably conclude that the email constituted the written agreement between both parties.
What role does the statute of frauds play in this contract? Signatures used in email communication and the detailing of terms by BTT would serve to satisfy the requirements of the statute of frauds. Could BTT avoid this contract under the doctrine of mistake?
Would either party have any other defenses that would allow the contract to be avoided? Assuming the email is accepted by the courts as a written agreement between Chou and BTT, an attempt by BTT to avoid this contract under the doctrine of mistake would likely fail.
Assuming, arguendo, that this e-mail does constitute an agreement, what consideration supports this agreement? In the case that the email is accepted by the courts as a written agreement, the considerations supporting this agreement are: A verbal agreement was reached on day 87 of the day exclusive negotiation.
It is reasonable for Chou to believe the email constituted a written agreement between the two parties, which he did. Assuming BTT and Chou have a contract, and BTT has breached the contract by not distributing the game, discuss what remedies might or might not apply.
In the aforementioned scenario, the courts are likely to award remedies in the form of compensatory and consequential monetary damages. This failure to perform also results in consequential damages for indirect future losses to Chou.
The Legal Environment of Business:Case Scenario: Big Time Toymaker. The parties did have a contract for exclusive negotiation rights as stated in the case scenario. Big Time Toymaker (BTT) paid Chou $25, for a day period of exclusivity, thus prohibiting Chou from soliciting or entertaining offers from other parties.
Big Time Toymaker Scenario In chapter six of The Legal Environment of Business: A Managerial Approach: Theory to Practice, Melvin presents the case scenario of Big Time Toymaker (BTT) and Chou the game inventor. Case Scenario Big Time Toymaker Big Time Toymaker Scenario LAW/ Big Time Toymaker Scenario In chapter six of The Legal Environment of Business: A Managerial Approach: Theory to Practice, Melvin presents the case scenario of Big Time Toymaker (BTT) and Chou the game inventor In the scenario, Chou invents a strategy game titled leslutinsduphoenix.com scenario follows the events as BTT and Chou.
Big Time Toymaker Scenario LAW/ Big Time Toymaker Scenario. In chapter six of The Legal Environment of Business: A Managerial Approach: Theory to Practice, Melvin presents the case scenario of Big Time Toymaker (BTT) and Chou the game inventor. HOTLINKS: MISCELLANEOUS SCIENCE FICTION/FANTASY/HORROR FILMS My Competitors: other websites of film lists X-Rated Sci-Fi/Fantasy Videos Sci-Fi Attacks on Los Angeles See also TIME TRAVEL: MOVIES AND TV-MOVIES ABOUT TIME TRAVEL OR TIME-LOOPS, below.
Case Scenario: Big Time Toymaker Based on the Case Scenario: Theory to Practice scenario involving Big Time Toymaker (BTT), a company that develops, manufactures, and distributes board games and other toys globally, entered into an agreement with Chou, an independent inventor of a new strategy game he name Strat, to distribute this new game.