Jackson and Jennifer own JJ Deli, LLC which rents commercial space from Circle Shopping Center, Inc. The space is rented under a 5-year lease and JJ Deli is in complete compliance with the lease agreement. The commercial lease agreement contains the following provision: 16. Tenant shall have the option to renew the lease for a term of five (5) years at a monthly rental to be arbitrated, negotiated and determined among the parties to this lease at said time. If the parties cannot reach an agreement on the monthly rental of the renewal, Tenant shall have the right of first refusal for any bona fide offer received by the Landlord. JJ Deli gave Circle Shopping Center timely notice they would like to exercise the option under Paragraph 16 to renew the lease for 5 more years. Circle Shopping Center denies their request and JJ Deli files a lawsuit asking the Court to enforce Paragraph 16 permitting them to renew the lease for 5 years. DISCUSSION QUESTIONS Who is the Landlord? Who is the Tenant? Is the monthly rental amount a material term of the contract? Does the renewal option contain the monthly rental amount? If not, does it contain a mechanism for determining the monthly rental amount? What defense is Circle Shopping Center likely to raise? How should the court rule in the matter and why?