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- Ordinarily I don’t discuss legal issues relating to fictional settings that are dramatically different from the real world in terms of their legal system. Thus, Star Wars, Star Trek, Tolkien’s Middle Earth, etc. are usually off-limits because we can’t meaningfully apply real-world law to them. But the contract featured in The Hobbit: An Unexpected Journey was just too good a topic to pass up, especially since you can buy a high-quality replica of it that is over 5 feet long unfolded.
Thank you for sharing this. For anyone who finds this interesting I would highly recommend the author James Daily's book "The Law of Superheroes." It is highly entertaining, written in the similar easy to understand style of this article, and contains (in my admittedly non-expert opinion as a law student) accurate statements of American law.
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In a similar vein, there's Overthinking It, which deals with fictional Serious Bussiness very seriously.