ÿWPCH :# <UNG %• 0G›U:âw@4\pU:‡LÁ  0J 0T_ 0^³ 0h 0ry 0|ë 0†g 0@í D3- B` 0} 1u 0d‚ AQæ Æ7 0Dý 0DA D/… B´ U >Ñ U* B)9 DCb AM¥ ò v~÷vÓu˜HP LaserJet 4SiHPPCL5MS,ü,,,,,ü0nLLÎ(ÈhH  Z 6Times New Roman RegularX('\$¡¡Ô€XåÙXXMXÔ,c½¬AZ‹"Arial Regular      {  E  Ó€ §aö"È dÈ ô3|x , øð AZ‹"Arial RegularC:\OFFICE\WPWIN\TEMPLATE\STANDARD.WPT2 ÿÿ0Indent1Ô2ÔÔ3  Ô2" ÿÿ0Indent2à0 àÔ2ÔÔ3  Ô2, ÿÿ0Indent3à0 àà0 àÔ2ÔÔ3  Ô26 ÿÿ0Indent4à0 àà0 àà0 àÔ2ÔÔ3  Ô2@ ÿÿ0Indent5à0 àà0 àà0 àà0 àÔ2ÔÔ3  Ô2J ÿÿ0Indent6à0 àà0 àà0 àà0 àà0 àÔ2ÔÔ3  Ô2T ÿÿ0Indent7à0 àà0 àà0 àà0 àà0 àà0 àÔ2ÔÔ3  Ô("ÿÿ$££Ò  ÒÒ  Ò""""'ÿÿdxd d2^ ÿÿ0Indent8à0 àà0 àà0 àà0 àà0 àà0 àà0 àÔ2ÔÔ3  Ô# ÿÿ?AGMSYaioIndent0I.A.1.a.(1)(a)i)a)P ÿÿ8Mac DefaultMac DefaultÓ ` °šXÓ*+ ,-Cþÿ<< CÿÿƒLevel 1Level 2Level 3Level 4Level 5(3¯$¢¢Ý ƒ!ÝÝ  Ý($$””ò òÚ  Ú1Ú  Úó ó..'÷ÿ dxdüÿP Pd< Œ 9p`(&Times New Roman< Œ 9p`(Arial% Line 7 d44447Border 1dd* 5Cþÿ << Gÿÿ ûÝ ƒ!ÝÔ€2ÔÔ€3ÔÝ  ÝÝ ƒ+"ÝÝ  ÝÔ€3ÔÓ  ÓÔ YYY ÔFILEDÔ€3XÔÌÌò òAugust€19,€1997ÌÌCecil€Crowson,€Jr.ÌÔ€3ôÔAppellate€Court€Clerkó óPtPtHHÚ(ÿáÿâùFG(üHHÚ(d'hStyl{WP}01•ÃÃÃÃÃÃÃÃÃÃÃÃÃÃÃÃÃÃà Ãà Ãà Ãà Ãà ÃÃÃÃÃÃÃÃÃÃÃÐ ÐÐHHÐÐ  ÐÐ2ÐÐÿÿ¸æ$ÿÐÐHHÐÐÐÐÐÐÐÐ  ÐÐ ÐÐ ÐÑÑÑGenevaÑÑ ÑÑ € ÑÑ<Px–ÈÑÒÒÒ443!#4ÒÒ$ *$ÒÒ$*$ÒÒ ÿKK ÒÒ  Geneva ÒÒ  Geneva ÒÓ.,ÓÓÓÓ6ÓÓ ÓßßßßßßßßßßßßßßßßßßÑGenevaÑÑ ÑÒ  h HD: Geneva ÒÒ  h HD: Geneva ÒÝ ƒ!ÝÔ . ÔÔ€2ÔÔ€3ÔÝ  ÝÑ\R AØ'\ÑÓ  ÓÑ\R AØ'\ÑÑ7€ mŸ XXdæXXdð7Ñ›Þ ÞÌà@ àò òIN€THE€COURT€OF€APPEALS€OF€TENNESSEEÌà@ àWESTERN€SECTION€AT€JACKSONÌÌÌADAMS€TV€OF€MEMPHIS,€INC.,à àà à)€€Ìà àà àà àà àà àà à)Ìà àà àó óPlaintiff/Appellant,à àà àœò ò)€€Shelby€Chancery›€No.€105944„3€Ìà àà àà àà àà àà à)̜ـ*ÙßR€675A1-j|°` Å `€€@ÿRßVS›.à àà àà àà àà àà à)€€Appeal€No.€œ02A01›„9606„CH„00142Ìà àà àà àà àà àà à)ÌœCOMCORP›€OF€TENNESSEE,€INC.,à à)Ìand€THOMAS€R.€œGALLOWAY›,à àà à)Ìà àà àà àà àà àà à)Ìà àà àó óDefendants/Appellees.à àò ò)ó óÌÌÌà@ àAPPEAL€FROM€THE€CHANCERY€COURT€OF€œSHELBY›€COUNTYÌà@ àAT€MEMPHIS,€TENNESSEEÌà@ àTHE€HONORABLE€D.€J.€œALISSANDRATOS›,€CHANCELLORÌÌÌÌÌÌÌÌÌÌò òLUCIAN€T.€œPERA›ÌCANNON€F.€ALLENÌMARY€A.€œMcNEIL›ÌARMSTRONG€ALLEN€œPREWITT›€GENTRY€œJOHNSTON›€&€HOLMESó óÌMemphis,€TennesseeÌAttorneys€for€AppellantÌÌÌò òHENRY€L.€œKLEIN›ÌœAPPERSON›,€CRUMP,€œDUZANE›€&€MAXWELL,€œPLC›Ìó óMemphis,€TennesseeÌAttorney€for€AppelleeÌÌÌÌÌò òAFFIRMEDÌÌÌÌÌÌÌà àà àà àà àà àà àà àà àà àœALAN›€E.€œHIGHERS›,€J.ÌÌÌÌCONCUR:ÌÌW.€FRANK€œCRAWFORD›,€œP.J.›,€œW.S.›ÌÌDAVID€R.€FARMER,€œJ.›à àœó óÌÓÓà àIn›€this€breach€of€contract€action,€Adams€TV€of€Memphis,€Inc.€(ð ðPlaintiffðð€œor›Ïð ðAdams€Ñ7€ mŸ XXdæ XXdæ7ÑTVðð)€filed€suit€against€ComCorp€of€Tennessee,€Inc.€(ð ðComCorpðð)€and€ThomasÏR.€Galloway€for€breaching€several€provisions€of€their€contract€(hereinafter€the€ð ðAdamsÏTV„ComCorp€contractðð),€which€provided€for€the€sale€of€WHBQ„TV€(hereinafter€theÏð ðStationðð).€€ComCorp€filed€a€motion€to€dismiss€asserting€that€even€if€ComCorp€hadÏbreached€certain€provisions€of€the€Adams€TV„ComCorp€contract,€such€breaches€wereÏnot€material€breaches,€and€Adams€TV€incurred€no€damage€as€a€result.€€The€trial€courtÏgranted€ComCorpððs€motion€to€dismiss,€holding€that€Adams€TV€received€the€entireÏbenefit€of€its€bargain€under€the€Adams€TV„ComCorp€contract,€that€ComCorp€did€notÏmaterially€breach€any€part€of€the€Adams€TV„ComCorp€contract,€and€that€the€damagesÏsought€by€Adams€TV€were€merely€consequential€and€thereby€precluded€by€sectionÏ9.2(c)€of€the€Adams€TV„ComCorp€contract.€ò ò€ó óFor€the€reasons€stated€hereafter,€we€affirmÏthe€judgment€of€the€court€œbelow.Ì›Ìà@ àò òFACTSÔ€3¼ÔÌó óÔ€3XÔà àOn€March€8,€1994,€Adams€TV€and€ComCorp€executed€the€Adams€TV„ComCorpÏcontract€whereby€Adams€TV€agreed€to€sell€and€ComCorp€agreed€to€purchase€theÏStation€for€approximately€œ$57,000,000.00.›€€Pursuant€to€the€terms€of€the€Adams€TV„ComCorp€contract,€Adams€TV€and€ComCorp€agreed€to€keep€confidential€theÏinformation€obtained€from€each€other€during€the€course€of€completing€the€œtransaction.›€ÏUnder€paragraph€6.11€of€the€Adams€TV„ComCorp€contract,€the€parties€agreed€not€toÏdivulge€the€existence€of€the€contract€or€the€transactions€contemplated€by€it€without€theÏprior€consent€of€the€other€party,€except€to€the€extent€required€by€law€or€regulation.€ÏParagraph€6.11€of€the€Adams€TV„ComCorp€contract€provides€as€follows:ÌÓÓà8 àà8 à6.11€òòPublic€announcementóó.€€Seller€shall€publish€andÏbroadcast€a€public€notice€concerning€the€filing€of€theÏapplication€for€assignment€of€the€Licenses€in€accordanceÏwith€the€requirements€of€Section€73.3580€of€the€FCCððsÏRules.€€As€to€any€other€announcements,€neither€party€heretoÏshall€issue€any€press€release€or€public€announcement€orÏotherwise€divulge€the€existence€of€this€Agreement€or€theÏtransactions€contemplated€hereby€without€prior€approval€ofÏthe€other€party€hereto€(which€shall€not€be€unreasonablyÏwithheld),€except€as€and€to€the€extent€that€such€party€shallÏbe€obligated€by€law€or€regulation,€in€which€case€the€otherÏparty€shall€be€so€advised€and€the€parties€shall€use€their€bestÏefforts€to€cause€a€mutually€agreeable€release€orÏannouncement€to€be€œissued.Ì›ÌÌÓÓà àSimilarly,€under€paragraph€11.9(a)€of€the€Adams€TV„ComCorp€contract,ÏComCorp€agreed€not€to€disclose€any€information€concerning€the€Station€and€AdamsÏTV€during€the€course€of€completing€the€transaction.€€Paragraph€11.9(a)€provides,€inÏpart,€as€follows:ÌÓÓà8 àà8 à11.9€òòConfidentiality.óó€(a)€Buyer€agrees€that€prior€to€Closing,ÏBuyer€and€its€respective€agents€and€representatives€shallÏnot€use€for€its€or€their€own€benefit€(except€when€required€byÍlaw€and€except€for€use€in€connection€with€Buyerððs€financingÏof€the€transaction€and€Buyerððs€investigation€of€the€StationÏand€its€assets€in€connection€with€this€Agreement),€and€shallÏhold€in€strict€confidence€and€not€disclose:€(i)€any€data€orÏinformation€relating€to€Seller€and€GTH„103,€their€affiliates,Ïor€the€Station€obtained€from€Seller€or€GTH„103€or€any€ofÏtheir€directors,€officers,€employees,€agents€orÏrepresentatives€in€connection€with€this€Agreement;€or€(ii)Ïany€data€and€information€relating€to€the€business,Ïcustomers,€financial€statements,€conditions€or€operations€ofÏthe€Station€which€is€confidential€in€nature€and€not€generallyÏknown€to€the€œpublic.Ì›ÌÌÓÓà àPursuant€€to€paragraph€11.8€of€the€Adams€TV„ComCorp€contract,€ComCorpÏagreed€not€to€assign€any€rights,€obligations€or€liabilities€under€the€contract€without€theÏprior€written€consent€of€Adams€TV.€œò òÌó ó›Ìà àComCorp€further€promised€under€section€5.8€of€the€Adams€TV„ComCorpÏcontract€that€all€written€statements€furnished€by€it€to€Adams€TV€were€true€and€accurateÏand€that€it€had€not€omitted€to€state€any€material€facts€to€Adams€TV€which€would€makeÏits€other€statements€misleading.€€Paragraph€5.8€of€the€Adams€TV„ComCorp€contract€Ïprovides€as€follows:ÌÓÓà8 àà8 à5.8€òòDisclosureóó.€€To€the€knowledge€of€Buyer,€no€statement€ofÏmaterial€fact€by€Buyer€contained€in€this€Agreement€and€noÏwritten€statement€of€material€fact€furnished€by€Buyer€toÏSeller€pursuant€to€this€Agreement€contains€any€untrueÏstatement€of€a€material€fact€or€omits€to€state€a€material€factÏnecessary€in€order€to€make€the€statements€herein€or€thereinÏcontained€not€misleading.̛̜ÌÓÓà àComCorp,€likewise,€warranted€that€all€representations€made€by€it€to€Adams€TVÏwere€true€and€correct€in€all€material€respects€as€of€the€partiesðð€closing€date€under€theÍcontract.€€Paragraph€8.3€of€the€Adams€TV„ComCorp€contract€provides€as€follows:ÌÓÓà8 àà8 à8.3€òòRepresentations€and€Warrantiesóó.€€The€representationsÏand€warranties€made€by€Buyer€shall€be€true€and€correct€inÏall€material€respects€as€of€the€Closing€Date€with€the€sameÏforce€and€effect€as€though€such€representations€andÏwarranties€had€been€made€on€the€Closing€Date,€except€forÏchanges€permitted€or€contemplated€by€this€œAgreement.Ì›ÌÌÓÓà àMoreover,€paragraph€9.2€of€the€partiesðð€Adams€TV„ComCorp€contract,€whichÏprovides€for€indemnification€to€Adams€TV€for€various€breaches€of€the€contract€byÏComCorp,€states€that€Adams€TVððs€ð ðrecovery€under€Section€9.2(a)€shall€in€no€eventÏinclude€any€special,€indirect,€incidental€or€consequential€damages.ðð€œò òÌÌó ó›à àOn€August€11,€1994,€ComCorp€executed€a€second€contract,€the€ð ðComCorp„FoxÏcontractðð€whereby€ComCorp€agreed€to€sell,€and€FTS€Investments,€Inc.€(hereinafter,Ïð ðFoxðð)€agreed€to€purchase€the€Station€for€approximately€$80,000,000.00.€€€œThis›Ïagreement€was€executed€on€behalf€of€ComCorp€by€Thomas€Galloway,€who€was€theÏchief€executive€officer,€chairman€of€the€board€of€directors€and€sole€stockholder€ofÏComCorp.€€œAdams›€TV€alleged€that€prior€to€the€execution€of€the€ComCorp„Fox€contractÏthat€ComCorp€disclosed€significant€amounts€of€confidential€information€concerning€theÏStation€to€Fox€for€the€purpose€of€negotiating€a€sale€of€the€Station€to€Fox.€€€ComCorpÏallegedly€disclosed€more€information€to€Fox€than€was€necessary€for€financing€theÏtransaction€under€the€Adams€TV„ComCorp€œcontract.ò òÌó ó›Ìà àOn€August€18,€1994,€Adams€TV€and€ComCorp€closed€the€Adams€TV„ComCorpÏcontract€whereby€Adams€TV€received€the€$57,000,000.00€purchase€price€fromÍComCorp,€and€ComCorp€received€title€to€the€Station€from€Adams€TV.€€œComCorp›€alsoÏfurnished€Adams€TV€with€a€document€entitled€ð ðBuyerððs€Performance€Certificateðð€whichÏwas€executed€by€Thomas€Galloway€for€ComCorp.€€That€document€stated€thatÏComCorp€had€ð ðperformed€and€complied€with€all€of€its€obligations€under€the€[AdamsÏTV„ComCorp€contract]€which€are€to€be€performed€or€complied€with€by€it€prior€to€or€onÏthe€date€œhereof.ððò òÌó ó›Ìà àAlthough€Adams€TV€was€aware€that€Fox€had€agreed€to€finance€the€purchase€ofÏthe€Station€under€the€Adams€TV„ComCorp€contract,€Adams€TV€did€not€know€thatÏComCorp€had€agreed€to€sell€the€Station€to€Fox€pursuant€to€the€ComCorp„Fox€contractÏuntil€after€the€August€18,€1994,€closing.€€œUltimately,›€ComCorp€and€Fox€closed€on€theirÏcontract€concerning€the€Station€on€July€5,€1995,€and€Fox€now€owns€the€Station.€œò òÌó ó›Ìà àSometime€before€the€August€18,€1994,€closing€of€the€Adams€TV„ComCorpÏcontract,€Adams€TV€negotiated€a€contingent€contract€to€sell€the€Station€to€anotherÏentity€in€the€event€that€Adams€TV€and€ComCorp€failed€to€close€the€Adams€TV„ComCorp€contract.€€€Pursuant€to€the€terms€of€the€contingent€contract,€the€otherÏpurchaser€agreed€to€pay€Adams€TV€approximately€$63,444,000.00€for€the€Station.€œò òÌó ó›Ìà àAdams€TV€brought€this€action€asserting€that€ComCorp€and€Galloway€breachedÏthe€Adams€TV„ComCorp€contract€in€four€material€ways:ÌÓÓà8 àœ1)›€by€breaching€the€nondisclosure€and€confidentiality€provisionsÏcontained€in€paragraphs€6.11€and€11.9(a)€by€disclosing€informationÏprotected€under€those€provisions€to€Fox;ÌÌà8 àœ2)›€by€breaching€the€representations€and€warranties€that€ComCorp€hadÏcomplied€with€the€contractððs€nondisclosure€and€confidentiality€provisions;ÌÌà8 àœ3)›€by€violating€the€prohibition€on€assignment€of€any€rights,€obligations€orÏliabilities€under€the€contract€contained€in€paragraph€11.8€by€assigningÏDefendantsðð€interest€under€the€contract€to€Fox€without€Adams€TVððsÏknowledge€or€consent;€andÌÌà8 àœ4)›€by€breaching€the€representations€and€warranties€that€ComCorp€hadÏcomplied€with€the€agreementððs€nonassignment€œprovision.Ì›ÌÌÓÓÔ€2Ôà àÔ€3ÔComCorp€and€Thomas€Galloway€each€filed€motions€to€dismiss€the€complaint,Ïand€Adams€TV€filed€a€motion€for€partial€summary€judgment.€€€Following€a€hearing€onÏDecember€12,€1995,€the€trial€court€entered€an€order€on€January€10,€1996,€in€which€itÏgranted€Adams€TVððs€motion€to€amend€the€complaint,€denied€Adams€TVððs€motion€forÏpartial€summary€judgment€and€granted€Defendantsðð€motions€to€dismiss€the€cause.€ÏœAdams›€TV€timely€filed€a€notice€of€appeal€on€February€8,€1996,€and€the€appeal€hasÏbeen€perfected€to€this€Court.€€œÌ›Ìà@ àò òISSUESÌó óà àThe€issues€before€this€Court€are€as€follows:ÌÓÓà8 à1)€Whether€the€trial€court€erred€in€granting€ComCorpððs€motion€to€dismissÏAdams€TVððs€cause€of€action;ÌÌà8 à2)€Whether€the€trial€court€erred€in€dismissing€as€moot€Adams€TVððs€motionÏfor€partial€summary€judgment;ÌÌà8 à3)€Whether€Adams€TV€was€obligated€to€consummate€the€œAdams€TV„›ÏComCorp€contract,€regardless€of€the€extent€of€its€knowledge€of€theÏimpending€sale€by€Defendants€to€Fox;Ìà8 àÌà8 à4)€Whether€Adams€TVððs€damage€claims€are€barred€because€of€its€failureÍto€satisfy€the€conditions€precedent€under€the€Adams€TV„ComCorpÏcontract€in€bringing€an€action€for€indemnification;€andÌÌà8 à5)€Whether€the€ComCorp„Fox€transaction€was€an€assignment€or€sale.à8 àœÌ›Ìà0 àà àÌà@ àœò òDISCUSSIONÔ€3¼Ô›à8 àÌó óÔ€3XÔÌÓÓÔ€2Ôà àÔ€3ÔDefendants€filed€their€motions€to€dismiss€the€complaint€on€July€28,€1995.€€œThese›Ïmotions€to€dismiss€were€supported€by€an€affidavit€and€by€the€record€on€appeal€whichÏcontained€responses€to€interrogatories€and€requests€for€admissions€and€responses€toÏa€request€for€production€of€documents.€€€The€Chancellor€recited€in€the€order€dismissingÏthis€cause€that€he€had€considered€the€entire€record€filed€in€this€cause.€€Therefore,€weÏconclude€that€because€the€trial€court€considered€items€outside€the€pleadings,€theÏDefendantsðð€motions€to€dismiss€were€converted€to€motions€for€summary€judgment,€andÏwe€shall€treat€them€accordingly.€€€Rule€12.02€Tenn.€R.€Civ.€P.;€òòPacific€E.€Corp.€v.€GulfÏLife€Holding€Co.óó,€902€S.W.2d€946€(Tenn.€App.€1995).€€€œÌÌà àNo›€presumption€of€correctness€attaches€to€decisions€granting€summaryÏjudgment€because€such€motions€involve€only€questions€of€law.€€Thus,€on€appeal,€theÏCourt€must€make€a€fresh€determination€concerning€whether€the€requirements€of€RuleÏ56€Tenn.€R.€Civ.€P.€have€been€met.€€òòCowden€v.€Sovran€Bank/Central€Southóó,€816ÏS.W.2d€741,€744€(Tenn.€1991).€€We€begin€our€analysis€of€the€issue€of€summaryÏjudgment€by€noting€that€a€trial€court€should€grant€a€motion€for€summary€judgment€onlyÏif€the€movant€demonstrates€that€there€are€no€genuine€issues€of€material€fact€and€thatÏthe€moving€party€is€entitled€to€judgment€as€a€matter€of€law.€€Rule€56.03€Tenn.€R.€Civ.€P.;€ÏòòByrd€v.€Hallóó,€847€S.W.2d€208,€210€(Tenn.€1993).€€The€party€moving€for€summaryÍjudgment€bears€the€burden€of€demonstrating€that€no€genuine€issues€of€material€factÏexist.€€òòByrdóó,€847€S.W.2d€at€211.€€In€òòByrdóó,€the€Tennessee€Supreme€Court€stated:ÌÓÓà8 àà8 àOnce€it€is€shown€by€the€moving€party€that€there€is€noÏgenuine€issue€of€material€fact,€the€nonmoving€party€mustÏthen€demonstrate,€by€affidavits€or€discovery€materials,€thatÏthere€is€a€genuine,€material€fact€dispute€to€warrant€a€trial.€Ï(Citations€omitted).€€In€this€regard,€Rule€56.05€provides€thatÏthe€nonmoving€party€cannot€simply€rely€upon€his€pleadingsÏbut€must€set€forth€òòspecific€factsóó€showing€that€there€is€aÏgenuine€issue€of€material€fact€for€œtrial.̛̜òòId.óó›€at€211.€(Emphasis€in€original).ÌÌÓÓConsidering€the€evidence€in€the€light€most€favorable€to€Adams€TV,€we€are€left€toÏdetermine€whether€Defendants€were€entitled€to€summary€judgment€as€a€matter€of€law.€œÌ›Ìà àIn€addressing€the€motion€for€summary€judgment,€the€court€must€consider€theÏevidence€in€the€same€manner€as€a€motion€for€directed€verdict€made€at€the€close€ofÏplaintiffððs€proof.€€Therefore,€the€ð ðcourt€must€take€the€strongest€legitimate€view€of€theÏevidence€in€favor€of€the€nonmoving€party,€allow€all€reasonable€inferences€in€favor€ofÏthat€party,€and€discard€all€countervailing€evidence.ðð€€òòByrdóó€at€210„11.€€After€exhaustiveÏexamination€of€the€record€in€this€cause,€we€find€that€the€trial€courtððs€decision€grantingÏsummary€judgment€should€be€affirmed.€€œÌ›€€Ìà àAdams€TVððs€argument€is€founded€on€its€assertion€that€it€would€have€refused€toÏperform€the€contract€had€it€known€of€the€existence€of€the€ComCorp„Fox€contract.€ÏUnderlying€this€argument€is€Adams€TVððs€assertion€that€ComCorp€disclosed€informationÏabout€Adams€TV€and€the€Station€to€Fox€in€violation€of€the€Adams€TV„ComCorpÍcontract.€€Adams€TV€further€avers€that€ComCorp€breached€its€agreement€with€AdamsÏTV€and€did€not€disclose€to€Adams€TV€the€existence€of€the€ComCorp„Fox€contract.€ÏTherefore,€Adams€argues€that€it€is€entitled€to€damages€equal€to€the€difference€betweenÏits€contract€price€of€$57,000,000€and€the€$80,000,000€contract€price€of€the€ComCorp„Fox€contract.€€€€œÌ›Ìà àUpon€consideration€of€the€motions€to€dismiss,€the€trial€court€found,€and€weÏagree,€that€any€breach€of€the€terms€of€the€Adams€TV„ComCorp€contract€was€not€aÏmaterial€breach€so€as€to€warrant€non„performance€of€the€contract€by€Adams€TV.€€InÏdetermining€whether€a€breach€of€contract€is€material€such€that€the€non„breaching€partyÏcould€avoid€performance,€Tennessee€courts€have€adopted€the€criteria€established€inÏthe€Restatement€(Second)€of€Contracts,€ðð€241€(1981),€which€enumerates€the€followingÏfactors€to€consider:ÌÓÓà8 àà8 à(1)€The€extent€to€which€the€injured€party€will€be€deprived€ofÏthe€expected€benefit€of€his€contract;Ìà8 àà8 à(2)€The€extent€to€which€the€injured€party€can€be€adequatelyÏcompensated€for€the€part€of€that€benefit€of€which€he€will€beÏdeprived;Ìà8 àà8 à(3)€The€extent€to€which€the€party€failing€to€perform€or€to€offerÏto€perform€will€suffer€forfeiture;Ìà8 àà8 à(4)€The€likelihood€that€the€party€failing€to€perform€or€to€offerÏto€perform€will€cure€his€failure,€taking€account€of€all€theÏcircumstances€including€any€reasonable€assurances;€and€Ìà8 àà8 à(5)€The€extent€to€which€the€behavior€of€the€party€failing€toÏperform€or€to€offer€to€perform€comports€with€standards€ofÏgood€faith€and€fair€dealing.€€œÌ›ÌœSee,›€òòMcClain€v.€Kimbrough€Constr.€Co.,€Inc.óó,€806€S.W.2d€194,€199€(Tenn.€App.€œ1990).̛̀€€€€€€€€à àà àÌÓÓà àThe€consideration€applicable€to€this€case€is€whether€the€non„breaching€partyÍobtained€the€benefit€expected€under€the€terms€of€the€contract.€€In€the€instant€case,ÏAdams€TV€was€not€deprived€of€the€expected€benefit€of€its€bargain.€€In€fact,€Adams€TVÏreceived€the€full€contract€price€of€$57,000,000.€€It€appears€to€the€Court€that€the€breach,Ïif€any,€was€not€material.€€The€objectives€of€the€agreement€were€effectuated€in€thatÏAdams€TV€received€from€ComCorp€the€contract€price€in€exchange€for€which€ComCorpÏreceived€from€Adams€TV€its€interest€in€the€Station.€œÌ›ÌÔ€2Ôà àœÔ€3ÔAn›€injured€party€is€only€entitled€to€be€placed€in€the€same€position€it€would€haveÏbeen€had€the€contract€been€performed€and€should€not€profit€from€a€defendantððsÏbreach.€€òòHennessee€v.€Wood€Group€Enterprises,€Inc.óó,€816€S.W.2d€35,€37€(Tenn.€Ct.ÏApp.€1991).€€Although€Adams€TV€argues€that€it€is€entitled€to€damages€based€upon€theÏcontract/market€price€differential€of€the€Station€at€the€time€of€the€partiesðð€August€18,Ï1994,€closing€under€the€Adams€TV„ComCorp€contract€because€of€the€DefendantsððÏalleged€breach€of€contract,€it€is€well€settled€in€Tennessee€that€an€injured€party€may€notÏprofit€from€a€defendantððs€breach.€€òòAction€Ads,€Inc.€v.€William€B.€Tanner€Co.óó,€€592ÏS.W.2d€572,€575€(Tenn.€App.€1975).€€Adams€TV€received€the€contract€price€itÏbargained€for;€thus,€Adams€TV€would€not€be€entitled€to€an€award€of€damages.€ÏFurthermore,€it€does€not€appear€that€the€alleged€breach€of€contract€was€material€underÏthe€òòMcClainóó€criteria.€€€€œÌ›Ìà àIn€òòFleet€National€Bank€v.€Anchor€Media€Television,€Inc.,€et€al.óó,€831€F.€Supp.€16Ï(D.R.I.€1993),€òòaffððd.óó,€45€F.3d€546€(1st€Cir€1995),€a€federal€court€addressed€an€allegedÏbreach€of€contract€arising€from€the€purchase€of€a€television€station.€€Fleet€NationalÍBank,€the€plaintiff,€moved€for€a€directed€verdict€following€a€jury€verdict€in€favor€of€theÏdefendants€and€asserted,€òòinter€aliaóó,€that€the€motion€be€granted€because€Anchor€Media,Ïa€defendant,€had€failed€to€comply€with€the€exact€dispute€resolution€proceduresÏprovided€by€the€contract.€€However,€the€trial€court€looked€to€the€total€obligationsÏimposed€by€the€partiesðð€contract€and€found€that€Anchor€Mediaððs€failure€to€follow€theÏprecise€contours€of€the€agreement€were€ð ðslight€or€unimportant€omissionsðð€and€not€aÏmaterial€breach€of€the€contract€when€viewed€in€the€context€of€its€total€obligations.€€òòId.óó€atÏ33„34.€€œÌ›ÌÔ€2Ôà àÔ€3ÔIn€reviewing€the€award€of€summary€judgment,€it€is€incumbent€upon€this€Court€toÏtake€the€strongest€legitimate€view€of€the€evidence€in€favor€of€Adams€TV,€to€allow€allÏreasonable€inferences€in€favor€of€Adams€TV,€and€to€discard€all€countervailingÏevidence.€€In€the€instant€case,€the€non„disclosure€and€confidentiality€provisions€of€theÏAdams€TV„ComCorp€contract€permitted€ComCorp€to€make€certain€disclosures€ofÏð ðSellerððs€Informationðð€in€order€to€obtain€financing€for€the€purchase€of€the€Station.€ÏSpecifically,€ðð€11.9(a)€provides:ÌÓÓà8 àÔ€2Ôà8 àÔ€3Ô11.9€òòConfidentiality.óó€(a).€Buyer€agrees€that€prior€to€Closing,ÏBuyer€and€its€respective€agents€and€representatives€shallÏnot€use€for€its€or€their€own€benefit€(òòexcept€when€required€byÏlaw€and€except€for€use€in€connection€with€Buyerððs€financingÏof€the€transactionóó€and€Buyerððs€investigation€of€the€StationÏand€its€assets€in€connection€with€this€Agreement),€and€shallÏhold€in€strict€confidence€and€not€disclose:€(i)€any€data€orÏinformation€relating€to€Seller€and€GTH„103,€their€affiliates,Ïor€the€Station€obtained€from€Seller€or€GTH„103€or€any€ofÏtheir€directors,€officers,€employees,€agents€orÏrepresentatives€in€connection€with€this€Agreement;€or€(ii)Ïany€data€and€information€relating€to€the€business,Ïcustomers,€financial€statements,€conditions€or€operations€ofÍthe€Station€which€is€confidential€in€nature€and€not€generallyÏknown€to€the€œpublic.€€(Emphasis›€œadded).›ÌÌÓÓAdams€TV€concedes€that€it€knew€prior€to€the€August€18,€1994,€closing€that€Fox€hadÏagreed€to€finance€ComCorpððs€purchase€of€the€Station.€€Pursuant€to€the€terms€of€theÏcontract,€ComCorp€had€the€right€to€make€disclosures€about€Adams€TV€so€long€asÏthose€disclosures€related€to€financing.€€What€is€not€contemplated€by€the€contract€is€theÏsituation€that€arose€in€the€instant€case€wherein€the€lender€ultimately€became€theÏpurchaser.€€The€fact€that€prior€to€the€closure€of€the€Adams€TV„ComCorp€sale,€ComCorpÏentered€into€a€separate€sales€agreement€with€Fox€for€the€Station€does€not€change€theÏfact€that€Fox€was€the€lender€that€provided€the€financing€for€ComCorp€to€purchase€theÏStation€from€Adams€TV.€€Examination€of€the€Adams€TV„ComCorp€contract€revealsÏnothing€that€prohibits€resale€of€the€Station€in€the€manner€so€accomplished€in€this€case.€ÏFurther,€we€find€no€contract€provision€requiring€ComCorp€to€disclose€either€theÏexistence€of€a€resale€agreement€or€the€provisions€thereof€to€Adams€TV,€just€as€we€findÏno€provision€requiring€Adams€TV€to€have€disclosed€either€the€existence€or€provisionsÏof€the€contingent€sales€agreement€it€had€entered€into€with€another€purchaser.€€Ô€2Ôà àœÌÌà àÔ€3ÔIn›€the€present€case,€Adams€TV€and€ComCorp€entered€into€a€contract€wherebyÏAdams€TV€agreed€to€sell€and€ComCorp€agreed€to€buy€the€assets€of€WHBQ„TV€forÏapproximately€$57,000,000.€€On€August€18,€1994,€the€parties€performed€theirÏrespective€obligations€under€the€contract;€Adams€TV€received€the€$57,000,000Ïpurchase€price€from€ComCorp,€and€ComCorp€received€title€to€the€Station€from€AdamsÏTV.€€In€examining€the€evidence€in€the€light€most€favorable€to€Adams€TV,€as€we€must€inÍsummary€judgment€cases,€we€do€not€find€that€ComCorpððs€disclosure€of€information€toÏFox€was€inconsistent€with€the€preservation€of€confidentiality.€€As€a€result,€we€find€thatÏsuch€disclosure€was€not€a€material€breach€of€the€Adams€TV„ComCorp€contract.€€€€€œÌ›€€€Ìà àœÌÌÌÌÌà àThe›€judgment€of€the€trial€court€is€hereby€affirmed.€€Costs€on€appeal€are€taxed€toÏAppellant€for€which€execution€may€issue€if€necessary.€€Ô€2Ôà àœÔ€3ÔÌÌÓÓà àà àà àà àà àà àà àà àòò€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€Ïà àà àà àà àà àà àà àà àóóHIGHERS,€J.ÌÌÌÌCONCUR:ÌÌÌÌòò€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€óóÌCRAWFORD,€P.J.,€W.S.ÌÌÌÌòò€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€óóÌFARMER,€J.›