One of your regular clients as the University Legal Counsel is the Vice President for Development. The Vice President for Development has numerous duties in her position, including public relations and community relations. However, the most prominent is fundraising for the university. In recent years, with a decline in support from the Katahdin legislature, private funds have become a crucial part of the overall University of Katahdin budget. Fundraising often involves the negotiation and drafting of precise legal documents. In that context, you receive the following materials from the Vice President.

THE UNIVERSITY OF KATAHDIN

Dear Counsel:

Over the last three months, members of my staff and I have had meetings with Mr. Albert Blaustein. Mr. Blaustein is a graduate of the UK class of 1949. He has not been a regular donor to UK. Mr. Blaustein initially called me and set an appointment for a visit. In a very pleasant first meeting, Mr. Blaustein caught me up on his career since graduating from the College of Engineering at UK in 1949. Mr. Blaustein specialized in nuclear engineering. He recalled that in 1950 it “looked like the wave of the future and I wanted to catch that wave.” For a time he worked with the nuclear Navy under the leadership of the legendary Admiral Hyman Rickover. On one project, he shared office space with a young Georgian named Jimmy Carter. After that Mr. Blaustein worked for two major electric generating utility companies as they entered the nuclear electric field.