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Unformatted text preview: Ct. found that the continued business relationship and intermingling of the companies showed intent to be bound. Restatement 2d sec 33 comment 3 provides for the court to determine the price when intentionally bound parties can not agree on pricing. Whether a party enforce a long-term service contract when the price is not specified and the parties must periodically resort to the ct. to determine a reasonable price. Yes, if both parties are intentionally bound to a service agreement, but can not agree on price, the price may be determined by the ct. through reasonable industry comparison methods....
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- Spring '08
- long-term shipping contract, regular net contract, reasonable industry comparison, similar industry charges, long-term service contract