In 2019, the Jon Bold sold his public relations firm, Truth-Soul, to the defendants, Publicis S.A., a British global communications company, and its American subsidiary. The sale involved two contracts: 2 Ã¢â¬Â¢ a stock-purchase agreement pursuant to which Bold sold all of his stock in the firm to the defendants. o Underthestock-purchaseagreement,theBoldreceivedaninitialpayment of $3 million and stood to earn Ã¢â¬Åearn-outÃ¢â¬Â payments of up to $4 million if PD achieved certain levels of earnings before interest and taxes during the three calendar years after the closing; and Ã¢â¬Â¢ an employment agreement pursuant to which Bold was to continue as chairman and CEO of the new company, named Publicis-Dialog (PD), for three years. o The employment agreement described BoldÃ¢â¬â¢s duties as the Ã¢â¬Åcustomary duties of a Chief Executive Officer.Ã¢â¬Â Within six months of the closing, signs of financial problems appeared, including the loss of PDÃ¢â¬â¢s largest pre-acquisition client. In March 2021, Bold was removed as CEO of the business and given several options, including: (1) leaving the firm, (2) staying and working on new business, and (3) coming up with another alternative. Thereafter, Bob Bloom, former chair and CEO of Publicis USA, and Bold exchanged a series of emails, which culminated in a March 28, 2021 message from Bloom that set forth his understanding of the partiesÃ¢â¬â¢ terms regarding BoldÃ¢â¬â¢s new role at PD as follows: Ã¢â¬Â¢ Ã¢â¬ÅThus, I suggested an allocation of your time that would permit the majority of your effort to go against new business development (70%). I also suggested that the remaining time be allocated to maintaining/growing the former Truth-Soul clients (20%) and involvement in management/operations of the unit (10%). This option, it would seem, is in your best interest because it offers the best opportunity for you to achieve your stated goal of a full earn- out. When I suggested this option, you seemed to have considerable enthusiasm for it and expressed your satisfaction with it so I, of course, assumed that it was an option you preferred.Ã¢â¬Â Ã¢â¬Â¢ Bold responded with an email that stated, among other things, Ã¢â¬ÅI accept your proposal with total enthusiasm and excitement…. IÃ¢â¬â¢m psyched again and will do everything in my power to generate business, maintain profits, work well with others and move forward.Ã¢â¬Â Ã¢â¬Â¢ Bloom responded that he was Ã¢â¬Åthrilled with BoldÃ¢â¬â¢s decision.Ã¢â¬Â Each of the email transmissions bore the typed name of the sender at the foot of the message. Bold subsequently filed a lawsuit based on the terms of the original employment agreement and filed a motion for summary judgment claiming that the email exchanges did not constitute Ã¢â¬Åsigned writingsÃ¢â¬Â.
Brief the case. Provide the facts, the issue, the rule of law, and the conclusion made by the court. use your own words
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