JOSÉ A. CABRANES, Circuit Judge:
This appeal arises out of a contract dispute between Costco Wholesale Corp. ("Costco") and ES Electrosales Leadsinger, Co., Ltd. ("Leadsinger"), a company that sold, inter alia, karaoke systems. Between October 2005 and September 2008, Leadsinger and Costco entered into a series of agreements by which Costco agreed to sell Leadsinger's goods on a consignment basis. Each agreement contained a clause obliging the parties...
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