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The Carrier Dome Renaming Thread...
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[QUOTE="Capt. Tuttle, post: 3081420, member: 191"] I hope that the term "lifetime" is the measure. Let the legal fun begin. Which lifetime? The Dome's. That effective lifetime was over when the first roof was replaced? Carrier Corporation of NY. That lifetime was over when they moved. You owe us money for using the name all of these years. Melvin Eggers' lifetime? Well, he is long gone. Wait. Carrier's understanding of lifetime and SU's understanding of lifetime were different. Ooops, no meeting of the minds. That is a material condition of the contract, which I imagine was drafted by Carrier, therefore, it is interpreted most favorably for SU. If there is no definition,, then what is a reasonable definition of lifetime which the court should impose? And I don't even do contract law. Others on here can add on. Some quotes (emphasis added) from the attached DO article: [URL='http://dailyorange.com/2017/10/syracuse-remains-wed-carrier-college-naming-rights-industry-takes-off/']Syracuse remains wed to Carrier as college naming rights industry takes off[/URL] “It is most gratifying,” Eggers said that day, “that the keystone for this project — a major investment in central New York and a vote of confidence in SU — comes from Carrier, [U][B]a most wonderful neighbor to everyone in the community.”[/B][/U] Melvin Holm, former Carrier Corp. chairman, [U][B]promised his gift would lessen fears that Carrier, headquartered in Syracuse and the city’s largest employer, would leave the area[/B][/U]. Yet, in 2004, the company closed the two manufacturing plants in East Syracuse, laying off 1,200 workers and moving those operations to Asia and the South. [/QUOTE]
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