In December 1998, M.R. Beal and plaintiff entered into discussions about plaintiff's ability to provide software, services and support to facilitate M.R. Beal's establishment of an Internet-based municipal bond trading network. The negotiations resulted in M.R. Beal and plaintiff executing a letter of intent in June 1999, pursuant to which the parties agreed to negotiate a mutually acceptable agreement in good faith. In May 2000, approximately one week before the execution...
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