McLAUGHLIN, Circuit Judge: BACKGROUND Schlaifer Nance Co., Inc. (“SNC”) is a licensing company that arranges to market famous names or images. SNC sought a licensing agreement with Andy Warhol, the icon of 1960’s and 70’s pop culture, but Warhol died before they could sign an agreement. Eventually, Warhol’s Estate negotiated and signed a broad-based li…
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