Lamoureux v. MPSC, Inc., No. 16-1402 (8th Cir. 2017)
Annotate this CaseThe parties entered into a contract wherein John Lamoureux provided the necessary capital to MPSC, a start-up company, in exchange for a royalty fee every time the company used its patented service. After John died, his wife filed a breach of contract suit against MPSC for ceasing to make payments. The district court granted summary judgment to plaintiff, denying MPSC an at-will termination term. The court concluded that the express terms of the Investment Agreement compelled MPSC's continued performance. Because no principle of Minnesota state law or general contract law overrides the agreement's intent, the court affirmed the judgment.
Court Description: Shepherd, Author, with Benton, Circuit Judge, and Ebinger, District Judge] Civil case - Contracts. The parties' contract did not specify a termination date for royalty payments to plaintiff, and the district court properly refused to supply an at-will termination term.
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