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Big Time Toymaker
Having a contract between parties will eliminate any confusion that may come about concerning the terms and conditions of the service agreement. Big Time Toymaker had interest in distributing a game that was created by Mr. Chou, and Big Time Toymaker paid Mr. Chou $25,000 in exchange for exclusive rights to the game for 90 days. Unfortunately a change of management within the Big Time toymaker company caused problems and the termination of the said agreement between the two parties concerning the game Mr. Chou created. The Big Time Toymaker manager sent Mr. Chou an email that explained the key terms and distribution agreement between the two parties, and although this wasn't intended to be the service contract between the two parties it can be used as the service contract. Based on the information that was included in the email that was sent to Mr. Chou outlining the terms of the service agreement, Mr. Chou now has a legal binding agreement that he can use if he choose to pursue any legal action against Big Time Toymaker. A written contract was never drawn up between the two parties but based on the emails that were sent and the detailed information that was put into the email it can be interpreted as an agreed contract even though it was not intended to be a contract. The role of the statue of fraud doesn't apply to this case because the Statue states that the term in which a contract is agreed on is legally binding once it is agreed on. The Doctrine of a mistake gives the ability to get out of a contract with proof that an obvious mistake was made in the agreement. (2009, April). With valid proof Big Time Toymaker will have legal grounds to avoid any legal action with this contract that is causing it to be a binding agreement? The Arguendo of an independent mistake also can be used as an argument because Big Time Toymaker and Chou did originally…...

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