Footwear Unlimited, Inc. v. Katzenberg, 683 S.W.2d 291 (1984)

Citation: Footwear Unlimited, Inc. v. Katzenberg, 683 S.W.2d 291 (1984)
Parent Document: Footwear Unlimited, Inc. v. Katzenberg, 683 S.W.2d 291 (1984)
Jurisdiction: Missouri (state)
Effective Date: 1984-12-18
Original Source: https://www.courtlistener.com/opinion/1755323/footwear-unlimited-inc-v-katzenberg/ ↗

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As scheduled, Katzenberg met with Cohen, as well as Frank, Eugene Moreland, Footwear’s Director of Operations, and Charles Seib, Footwear’s Controller, at the property on May 14, 1979. The group examined the space for about an hour and Katzenberg answered their questions. Then, they went to lunch together and negotiations regarding the lease took place in earnest. Footwear agreed to make improvements on the building and the parties agreed on a price per square foot. At first, Katzenberg asked for $1.30 per square foot but then reduced his rental to $1.20 in consideration for the improvements Footwear intended to make during its tenancy. The result was a monthly rental of $4,080. Cohen and Katzenberg accepted this proposal and agreed to a ten year lease. Cohen and Katzenberg shook hands and Kat-zenberg advised Cohen that a lease would be sent incorporating the terms of their agreement.

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