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On Nov. 12, 2013, Starbucks Corp. announced it would pay Mondelez International Inc., a successor to Kraft Foods Inc., $2.8 billion in damages, including interest and attorneys’ fees in settlement of a dispute over Starbucks’ termination of the supply and license agreement dated March 29, 2004 (the Distribution Agreement) between the two companies related to Starbuck’s packaged coffee business. The result is a wake-up call to inside counsel negotiating long-term ventures, supply and distribution agreements and other commercial and strategic alliances.

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