Woods v. Lucy, Lady Duff-Gordon - Consideration can be an...

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Wood v. Lucy, Lady Duff-Gordon 222 N.Y. 88 (1917) Fact: Procedural Facts: Operative Facts: The designer, Lady Duff, established a employment contract with Woods, stating that Woods would have sole, and exclusive rights to her name, placing patents and copywrites ect, as necessary. Although this was always subject to her approval. However, after she made some hidden deals without the knowledge of Woods, and withheld the profits, he sued for damages. Issue: Whether there was enough consideration to form a contract. Rule:
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Unformatted text preview: Consideration can be an implied promise, made in good faith. Rational: The court held that there was consideration on both parties. Lady Duff agreed to give him her full use of name, and basically manage her brand name. Woods promised to work with what he got in good faith (otherwise it would be valueless), and share the profits 50/50. Holding: Even if consideration isnt spelled out in a contract, if it was imperfectly expressed, then there is enough consideration. Synthesis: Dissent/Concurrences:...
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