Rouse Construction International, Inc. v. Rouse Construction Corp.

VANCE, Circuit Judge:

In 1973 appellee, Rouse Construction International, Inc. (Rouse International), entered into a licensing agreement with appellants, collectively referred to as Rouse Construction. The agreement licensed appellants to use the name Rouse Construction and transferred to them approximately $6,000,000 in extant construction contracts in exchange for $9,500 and twenty-five percent of Rouse Construction’s net pre-tax profits in the years 1974 to 1994. The agreement also provided that the parties would resort to arbitration in the event of a dispute over the terms of the contract.