Murphy v Grey

Rules of contract interpretation -- shareholder buy-sell agreement - court decision.


This decision grants summary judgment to the majority shareholders of a close corporation in a dispute commenced by the minority shareholder concerning whether the terms of the parties Buy-Sell Agreement obliged the minority shareholder to sell his shares back to the majority shareholders at a fixed, agree-to price upon his termination of employment. Applying recognized rules of contract interpretation to the agreement , the court found the Buy-Sell Agreement to be unambiguous and that it obliged re-transfer on the parties' agreed terms.

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Reference Info:Decision | State, 1st Circuit, Massachusetts | United States

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