Law 421 Big Time Toymaker

Big Time Toymaker

Abstract

Big Time Toymaker (BTT) agreement with Cho for extension of exclusive distribution rights is being challenged due to a lack of written agreement. BTT reached an oral agreement which is not binding due to the stipulations in their original agreement, which states that all contracts must be in writing. Both parties have communicated the terms of the distribution agreements via email and fax, after a change in management at BTT, Cho's verbal agreement fax, and email communications are being challenged and are not recognized as a binding contract by BTT.

Case Scenario Big Time Toymaker

Determining the legitimacy or the point where both parties entered into an agreement will determine if the contract is valid or unenforceable. In this...