On January 16, 1980, Dancing Waters, Inc. (Dancing Waters) and 1526 Broadway Corp., doing business as Bonds, the Discotheque (Bonds) entered into an agreement under which Bonds was to pay Dancing Waters the sum of $80,000 for the lease of a water fountain display which Dancing Waters undertook to create and install on its premises. The lease period was to begin on June 26, 1980 and end on June 25, 1981. The agreement set forth various undertakings by both parties in connection...
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