Branon v. Ellbee Pictures Corp.

1. Where, by the terms of a contract in which one of the parties is denominated the “lessor” and the other party the “lessee,” the lessor leases to the other party the exclusive right, within a certain period of time and within a designated territory, to exhibit designated moving pictures which the lessor agrees to deliver to the lessee at stated intervals during the life of the contract, the lessee agreeing to accept and to pay the lessor a fixed sum of money for each picture when delivered, and where the lessor complies with his part of the contract, the lessee is under an unconditional…