F.W. Woolworth Co. v. Grimmer

F.W. Woolworth Co. contacted James Grimmer, a real estate broker, to negotiate a sublease with Wal-Mart Stores, Inc. The sublease between Woolworth and Wal-Mart was entered into on February 11, 1984 with Grimmer's assistance. On March 26, 1984 Woolworth and Grimmer entered into a Real Estate Broker's Commission Agreement, wherein Woolworth agreed to pay Grimmer four percent of the minimum rent received by Woolworth on the sublease. The agreement provided, in pertinent part, the following:

"1. Landlord shall pay the Broker a real estate broker's leasing commission in an amount equal to four…