With the exception of one state, all states in the country follow the Uniform Commercial Code or UCC, including New Jersey. According to USLegal, the UCC governs buying and selling of goods and services across the state lines, hence making it easier to manage interstate sales and transactions. Complying with the UCC or any set of regulations may not always be easy, considering that it covers a wide variety of topics in business and commercial transactions. Even huge multinational companies are subject to lawsuits for violating the code.
Miramax LLC is currently involved in a law suit against New Line Cinema Corporation and Warner Brothers Entertainment Inc. over Peter Jackson’s newest foray into Tolkien’s Middle-earth. Miramax initially acquired the film rights to Tolkien’s work back in the ’90s. They relinquished the rights to New Line Cinema through a signed agreement. Miramax is claiming that they were owed royalties on the subsequent Hobbit movies based on the agreement signed back in 1998.