On January 2, 1980, Tarpon, a limited partnership and owner of unimproved property in Florida, entered into a management and development agreement with Taylor for the planning, marketing and management of the property. The contract provided that "[a]ny dispute under this agreement shall be settled by arbitration in the City of New York." It also contained a termination clause which provided for termination by either party upon notice to the other. After such notice the agreement...
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