Fischer v. CTMI, LLC (Opinion)
Annotate this CaseRay Fischer transferred his business assets to CTMI, LLC pursuant to a written asset-purchase agreement. CTMI later filed a second amended petition alleging that portions of the asset-purchase agreement were unenforceable “agreements to agree.” The trial court entered judgment in favor of Fischer. The court of appeals reversed and rendered judgment that the disputed portion of CTMI’s payment obligations was an unenforceable agreement to agree. The Supreme Court reversed, holding that the payment provision at issue was enforceable because its material terms were sufficiently definite to enable a court to determine CTMI’s obligation and provide a remedy for its breach.
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