In Re John Talmage and Barbara Talmage, Debtors. Comprehensive Accounting Corporation v. John Talmage and Barbara Talmage

WELLFORD, Circuit Judge.

John and Barbara Talmage, husband and wife, herein referred to as “Talmage”, entered into a licensing agreement in 1978 with Comprehensive Accounting Corporation, herein referred to as “CAC”, which permitted Talmage to use CAC’s system of accounting and soliciting accounts. Under the agreement Talmage also became eligible to purchase client accounts that CAC developed. Indeed, Talmage purchased a number of these accounts from CAC, although it is not clear from the record whether Talmage obtained all of its clients through CAC’s marketing network. In each of the “Client…