PURTLE, Justice.
This case arises out of a joint venture agreement between appellant (Brooks Nash) and appellee (Minute Man of America, Inc.) entered into on April 2, 1971, as modified on January 24, 1975. The parties formed a corporation, called Colony West Fast Foods, Inc., and appellant was issued 49% of the shares while appellee owned the other 51%. The clause which triggered this law suit is set out, as follows:
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