Plaintiff was in the business of manufacturing, designing and selling a computerized payment system called Documate. Defendant, a large utility company, was interested in acquiring the Documate system to do its customer billing in a faster and more economical way than the punch-card system it was then using. By a series of letters of intent, dated December 1, 1973, July 7, 1974 and August 12, 1974, defendant, in substance, authorized plaintiff to commence work designing a...
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