On July 25, 1968, appellant, Arthur Murray, Inc., entered into a franchise agreement with J. Earl Manning, whereby Manning was authorized to operate an Arthur Murray Dance Studio at 162 Washington Street in the City of Binghamton, New York. Thereafter, Manning incorporated under the name of JEM Entertainment, Inc. (hereinafter referred to as JEM) and on April 15, 1969 respondent entered into a contract with JEM whereby respondent was to receive 115 hours of dance instruction...
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