—The plaintiff contends that it was the intention of the parties that the unsigned instrument should be considered simply as a memorial of terms already agreed upon, and not as the contract by which alone they were to be bound. This position finds some support in the early negotiations between the parties as well as in the first sentence of the receipt given by Mrs. Arnold, through the agency of her husband, for the sum advanced, as it provides that such money “ is for the first payment mentioned in (the) unsigned agreement * * * which is to be fulfilled ” when the plaintiff is satisfied. Standing by itself, this would indicate that the instrument was to be “ fulfilled ” in the sense of performed, or carried into effect, npon the happening of the contingency named. The remainder of the receipt, however, shows, as we think, that the parties intended to leave the mat
Nearly a year after the date of the receipt two of the parties, without the assent of the third, so far as appears, agreed to modify the proposed agreement in two material respects, and that all three should sign it, as amended, on a day named. The modification was not reduced to writing, and the instrument, even at the time of the trial, was not completed or ready for the signatures of the parties. Taking the view most favorable to the plaintiff, this was simply an oral agreement to sign an instrument not yet in existence, because it had not been wholly written out. Even the written portion required rewriting in part in order to conform to the wishes of the parties.
It was virtually an oral agreement to prepare and sign a written agreement, not as evidence of an existing contract, but as an original contract. Whether specific performance of an oral agreement to execute a written instrument, in the nature of a license for sixteen years under letters patent, can be compelled by a court of equity, when such instrument is complete in all respects and in readiness to be signed, we shall not now consider, because that question is not presented by the record before us. Not only was the writing in question incomplete, because it did not contain all that the parties
The proposed agreement was blank, also, as to its duration, to the extent at least of an entire year, a consideration of some importance when it is borne in mind that the amount of the royalties was guaranteed by the plaintiff to be not less than $6,000 a year.
We agree with the learned general term in saying “ it is impossible to deduce from this unsigned instrument the terms of a contract sufficiently clear and definite to enable a court to enforce the specific performance thereof.” We do not think that the parties should be compelled to sign a
The judgment should be affirmed, with costs to the defendants Jennings, but without costs to the defendants Arnold.
All concur.
