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R.J. MANAGEMENT CO. v. SRLB DEVELOPMENT CORP.

No. 2-02-0842.

806 N.E.2d 1074 (2004)

346 Ill. App.3d 957

282 Ill.Dec. 486

R.J. MANAGEMENT COMPANY, Plaintiff-Appellant and Cross-Appellee, v. SRLB DEVELOPMENT CORPORATION, Defendant-Appellee and Cross-Appellant.

Appellate Court of Illinois, Second District.

Rehearing Denied April 23, 2004.

Attorney(s) appearing for the Case

Robert T. O'Donnell, Nikoleta Lamprinakos, Eiden & O'Donnell, Ltd., Vernon Hills, for R.J. Management Company.

Joseph M. Laraia, Laraia & Hubbard, P.C., Wheaton, Douglas E. Zeit, Law Offices of Douglas E. Zeit, Waukegan, for SRLB Development Corporation.

Justice BOWMAN delivered the opinion of the court:

Plaintiff, R.J. Management Company, sold defendant, SRLB Development Corporation, a 330-acre parcel of land in Round Lake Beach for residential development. The sales contract provided that SRLB would pay R.J. Management an additional sum if the development project met its projected profit level. After SRLB failed to pay the additional compensation, R.J. Management brought a cause of action for breach of contract...

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