Lee v. Joseph E. Seagram & Sons, Inc.
Lee v. Joseph E. Seagram & Sons, Inc., 552 F.2d 447 (2d. Cir. 1977).
Facts: Parties agreed that Defendant would relocate Plaintiff if Plaintiff sold their part in of a liquor distribution company, but the relocation portion of the agreement was not in writing. Defendant claimed the relocation agreement was too vague to be enforceable.
Issue: Was the relocation agreement part of the contract to sell the distributorship?
Holding: No, that portion of the agreement was too vague and uncertain.
Rule: Two Prong Test:
- The parties intended to be bound, and
- There is a reasonable basis to determine a remedy.