LYONS v. SALAMONE


32 A.D.3d 757 (2006)

821 N.Y.S.2d 188

KATHERINE LYONS, Appellant, v. ADRIANA SALAMONE et al., Respondents.

Appellate Division of the Supreme Court of the State of New York, First Department.

September 21, 2006.


The parties' agreement, self-prepared by defendant, provides for a sale of 20% of the subject business, a limited liability company, by defendant to plaintiff for $180,000, and that plaintiff is to receive 20% and defendant 80% of the business's "gross proceeds." Obviously, the distribution of gross proceeds, without provision for payment of expenses, is an unworkable arrangement reflecting the parties' inexperience and confusion as how to document their arrangement, and...

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