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Valuable Vault Contracts

By Terri Petrey

It's become a rather pedantic refrain that I've uttered over and over in various settings, "Contracts create value." This refers from the fact that without a contract in writing most types of marketable "intangibles" have no valuable. The paper in and of itself didn't have any intrinsic value. Not so anymore. Twentieth Century Fox will auction off contracts from their vaults. Depending on the success of the auction, look for follow up litigation and future contract language limiting the right of one party to profit from the other party's signature on a legal document without sharing the profits. Commercial misappropriation anybody?

Full post as published by The Law Blawg of Theresa Petrey, PLLC on January 30, 2007 (boomark / email).