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[QUOTE="reedny, post: 3416843, member: 1423"]
Let's tweak the assumptions in our exercise: What if the donor isn't a person but a company .. that (mostly) moves out of town but continues to extract commercial value from the dorm to the tune of 10-15 times its initial investment, not counting tax benefits. Then let's change the time horizon to 40 years; and let's go beyond roofing shingles and gut the "dorm" from top to bottom, new footers, steel, interior spaces, HVAC and a SOA roofing system that changes the entire look of the place .. it's still the same shell but it's substantially transformed. And then lets assume that the company sues the (NFP) educational institution to "perpetuate" it's cash cow with no further investment in the project or in the community. In the lawsuit, it's conceded that the Company name is still on the dorm, at the bottom of one of the concrete panels. And the U has left it there but started using different names for the facility because (we don't know so we assume that) the agreement was either a gift with no promise or a naming deal that didn't confer "exclusive" rights to the company. And it's also revealed that the U has sold many other "rights" to portions of the interior and exterior that were not (it can be inferred) expressly prohibited by the agreement, in order to fund maintenance and improvements for the continued enjoyment of students, faculty, alumni and the community.

Good luck in court.  :cool:
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