reedny
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I'll throw in a few observations: 1) unlike the case you referenced, the only charity in our case is SU (quasi-charitable NFP educational institution); 2) UT/Carrier is not only for-profit, it has (largely) vacated the region and left a sour taste; and 3) as a general proposition "perpetual" contract terms are against public policy. They go over like lead balloons in state supreme court, especially those that produce unbalanced benefits and are 40 years old.Uh oh, I let myself get sucked in. OK, after this it's back to work for me.
There's some informative language about the gift contract in here (I'd love to see the Carrier gift agreement), but what jumped out at me is the Texas Attorney General's involvement on behalf of the public - that is, this is a third party (a charitable trust) that is deserving of the government going to bat for it in a way that a corporate or an individual wouldn't be.
It's got nothing to do with precedent, but it does show some of the thinking behind how the justice system and our public institutions might treat different types of plaintiff in a similar situation.
The contract is not public. It could say lots of things that might change the equation, dragging the situation towards a gift or the other way to a commercial branding agreement. I'm sure the U has been above board in negotiations, but its recent actions ("Syracuse University Dome") seem to be an important signal.
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