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  5. 191 A.D.2d 288 (1993)
 

HERALD HOTEL ASSOCS. v. RAMADA FRANCHISE SYS., INC.

191 A.D.2d 288 (1993)

595 N.Y.S.2d 28

Herald Hotel Associates, Appellant, v. Ramada Franchise Systems, Inc., et al., Respondents, et al., Defendants

Appellate Division of the Supreme Court of the State of New York, First Department.

March 16, 1993

Plaintiff brought suit to recover damages based upon defendant Ramada's alleged breach of a preliminary agreement entered into by the parties with respect to plaintiff's purchase of a Ramada Hotel franchise. The IAS Court found the agreement to be enforceable and that a material term thereof was a grant of geographic exclusivity. Subsequent to Ramada's submission of a draft licensing agreement to plaintiff, Ramada went through successive changes of corporate ownership, and...

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