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BASIC CONTROLEX CORP. v. KLOCKNER MOELLER CORP.

No. 99-1445.

202 F.3d 450 (2000)

BASIC CONTROLEX CORPORATION, INC.; Powerline Industries Corporation, Plaintiffs, Appellants, v. KLOCKNER MOELLER CORPORATION, Defendant, Appellee.

United States Court of Appeals, First Circuit.

Decided February 7, 2000.

Attorney(s) appearing for the Case

Rafael Baella-Silva with whom Baella-Silva Law Office was on brief for appellant.

Raúl M. Arias-Marxuach with whom Rossell M. Barrios-Amy and McConnell Valdés were on brief for appellee.

Before STAHL, Circuit Judge, CAMPBELL, Senior Circuit Judge, and LYNCH, Circuit Judge.

STAHL, Circuit Judge.

Plaintiff Basic Controlex Corporation ("Basic Controlex") appeals a judgment in favor of the defendant, Klockner Moeller Corporation ("KMC"). For the following reasons, we affirm.

I.

Background

On October 28, 1986, KMC and Basic Industries Company, Inc., executed a letter of intent whereby a to-be-formed company, Basic Controlex, would become the exclusive agent to sell KMC products in

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