In a recent case called Viacom v. IJR Capital, the issue centered around defendant’s plan to open a chain of restaurants called Krusty Krab — just like the fictional restaurant in Viacom’s SpongeBob Squarepants franchise. That perennial cash cow spans a wide variety of media outlets, including the original television series, a movie, a musical, and downloadable…
Once upon a time, not too long ago, there was a contract and a client. The contract gave the client an option to buy a business based on obtaining three appraisals. After the first two appraisals were for the same amount, the seller told the client that he would waive the third appraisal. The seller tendered…
Recently, a client using a form agreement we had drafted told me that a Big, Important Customer had wanted to make changes to the agreement. It was “just boilerplate” – not financial – so the client made the changes without conferring with counsel. The Customer’s legal department said that they wanted the client, an entertainment service…