Big Time Toymaker Essay

992 words - 4 pages

Chou and BTT had a lot of verbal agreements and a lot of different terms that they were each abiding by during the time that they were talking about the business situation. BTT wanted to make sure that Chou would let them try out his game and he had no problem with that, and signed a 90 day trail period in which BTT would be able to test the game, and do whatever they could to see if the game was worth selling so that they could maybe go into a distribution contract with Chou and distribute the game to the customers in which they target. Chou and BTT both came to an agreement so that BTT would be able to distribute Chou's game but at the same time they did not ever enter into a contract and ...view middle of the document...

When Chou received this fax he decided to send the draft almost immediately so that BTT would receive it. This for some reason did not work out the way that Chou was expecting because Chou did not receive anything back from BTT for a couple of months and this actually did not sit well with Chou. A couple of months later Chou finally heard something back from BTT, but it was not good new. During the time that the contract was in process BTT went through some changes and actually had new management, with this new management Chou was informed that BTT did not want to distribute his game anymore.
This is were the legal business comes into play with their deal. Chou and BTT's only honest binding contract would have to be the contract that they made between each other would be the deal that they made when it came down to BTT taking a 90 day agreement to be able to analyze the game and see exactly how things will work when ti comes down to whether they will be able to make money off of the game. Chou was paid his 25,000 dollars and BTT tested the game, liking what they want they decided that they would pursue Chou to make a binding contract so that BTT will be able to pursue the fact that they want to distribute the game. They both started to do what they needed to get a draft written up but neither one of them actually followed through and made sure that they were under a complete agreement on how to get things going. Chou ended up thinking that BTT had already did the draft so he was just wanted to get everything signed and ready to go. At the same time BTT though that...

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