Opinion ID: 1961992
Heading Depth: 1
Heading Rank: 6

Heading: conclusion

Text: The Declaratory Judgment should have stated: 1. Paragraph 5 of the agreement entered into between Capital Cities Communications, Inc. (WPVI-TV) and Philadelphia New Year Shooters and Mummers Association, Inc. (Association) dated October 5, 1977 is construed to require that, during the term of the agreement, Association was required to give notice to WPVI-TV of any bona fide offer from a third party which Association had determined to accept, and before accepting any offer from a third party was required to offer to contract with WPVI-TV on the same terms as those offered by the third party. Upon receipt of such an offer from Association, WPVI-TV was given two months within which to accept such offer. 2. Paragraph 5 of the said agreement is either so vague with regard to the termination date that it is void for want of a term central to the agreement, or must be construed to have terminated no later than March 1980. 3. Appellant WPVI-TV had no existing right of first refusal at any time relevant to this litigation, such right having terminated no later than March 1980. The Declaratory Judgment [25] appealed from is modified as above set forth and, as so modified, is affirmed. Judgment for both appellees in these consolidated appeals is affirmed.