Macy's, based in Cincinnati, is suing Martha Stewart for breaching a long-standing exclusive contract that it had with the New York-based merchandising and media company in certain goods like bedding and bath items when it made a deal in late 2011 with Penney to open Martha Stewart mini-shops in the stores.

WSJ: Judge: JCP can sell Martha-designed goods for now

Cincinnati-based Macy's Inc. sued New York-based Martha Stewart Living Omnimedia Inc. for allegedly breaching their long-standing contract when it signed a deal with J.

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Macy's sued Martha Stewart Living, arguing that the company breached its long-standing contract when it signed a deal with Penney in December 2011 to open Martha Stewart mini-shops, planned for this spring.

WSJ: Trial over Martha Stewart brand resumes

Macy's has argued that the JCP Everyday products violate its long-standing exclusive contract with Martha Stewart in a broad array of products that include bedding and cookware.

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Penney, which plans to sell the linens and cookware in free-standing boutiques within its stores, is not a breach of contract.

FORBES: Move up http://i.forbesimg.com t Move down

They decided how much to offer while standing around their assistants' desks and typed up a term sheet, a venture capitalist's version of a contract.

FORBES: The wild bunch