- 12 - rings, watches, lamps, crystal clocks, grandfather clocks, and chairs, to MSU's alumni.2 Petitioner contracted with Wayneco for Wayneco to sell Seiko watches in 1988, lamps in 1989, and Waterford crystal clocks in 1991. Petitioner had the right to review promotional materials that Wayneco prepared. Petitioner agreed to: (a) Sponsor Wayneco's offering of the items; (b) get MSU's approval to use MSU's seal on the items and related promotional material; (c) allow Wayneco to use facsimile signatures of an official of petitioner to promote the items; and (d) give Wayneco (i) mailing labels with names and addresses of all living alumni and parents of MSU undergraduates, (ii) samples of its letterhead and envelope for Wayneco to reproduce, (iii) copies of MSU's official seal, and (iv) a letter from an official of petitioner's on its letterhead stating that petitioner had chosen Wayneco to supply the items. Wayneco agreed to pay petitioner $25 for each watch, $20 for each lamp, and $25 for each clock that Wayneco sold under the agreement with petitioner. The agreement states that the payments are royalties. Petitioner compiled and sent mailing list labels to Wayneco. Wayneco paid all other costs. Political candidates and other vendors asked for permission to use petitioner's mailing list. Petitioner denied all requests except Wayneco's and PB&T’s during the years in issue. 2Income that petitioner received from the sale of this merchandise is not at issue in this case.Page: Previous 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 Next
Last modified: May 25, 2011