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.

LOADING PDF: If there are any problems, click here to download the file.

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

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Paul White | Attorney Advertising

Written by:


Paul White on:

JD Supra Readers' Choice 2016 Awards
Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:

Sign up to create your digest using LinkedIn*

*By using the service, you signify your acceptance of JD Supra's Privacy Policy.

Already signed up? Log in here

*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.