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An unsigned letter dated March 1, 1986, notified MTNV that
TM had sold its rights to the Medieval Times formula to Gatetown.
The letter was addressed to the attention of A. Gelabert.
Two letters dated May 27, 1986, on Manver stationery,
notified MTNV that Manver had purchased the rights to the
Medieval Times formula. Both letters referred to the document
between MTNV and TM dated February 1, 1983. One letter,
addressed to Sans, was in Spanish and informed MTNV that Manver
purchased the formula from TM. It was signed by Mayol for
Manver. The other letter, addressed to Sans, was in English and
informed MTNV that Manver purchased the formula from Gatetown.
It was signed by Mayol for Manver and by Sans for MTNV.
A Bill of Sale, dated May 27, 1986, purports to represent a
sale from Gatetown to Manver of all the rights to the “patent,
trademark, copy right, trade secret, contracts, * * * including
the goodwill, services, production, advertising, distribution,
marks, ideas, concept, operations manuals, show scripts, and the
name MEDIEVAL TIMES, which are identified by the marks ‘MEDIEVAL
TIMES’ and ‘MEDIEVAL TIMES WITH DESIGN’.” The sale was in
consideration of 200 shares of stock and an obligation to pay
$3.8 million (U.S. dollars) for a total value of $5.6 million.
The $3.8 million was to be paid in five annual installments of
$760,000 each, with the first payment commencing on June 1, 1987.
The document was signed by Mayol for Gatetown and by Nouel (an
attorney at CANV) for Manver.
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