There is no ambiguity in the contract term providing for the return of the amount of plaintiff's initial investment in defendants' corporation upon his termination by defendants, and the motion court correctly found that plaintiff's first cause of action for breach of contract sought damages that included the $60,000 amount of such investment. However, the additional contract term providing for payment of "25% of stock and profit" to plaintiff is ambiguous, and a hearing...
Let's get started
Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.
