Contracts Keyed to Burton
A/S Apothekernes Laboratorium For SpecialPreaeparater v. I.M.C. Chemical Group, Inc.
Plainitff, A/S Apothekernes Laboratorium For SpecialPreaeparate, began negotiations with, Defendant, I.M.C. Chemical Group, Inc., through Plaintiff’s president and Defendant’s president and CEO to buy a Lab of Biochemical division of IMC. Both parties signed a letter of intent that contained the terms for negotiations in the future. The letter also contained a clause that stated the final agreement of the sale was conditioned on the both, Plaintiff and Defendant’s, Board of Directors approval. While approval was pending, Defendant was not to engage in negotiations with any other party for the sale of its assets. Likewise, the letter stated that the sale must be made within sixty days from December 9, 1977. On February 24, 1978, the parties reached an agreement to the terms of the deal. This date was past the sixty-day deadline. At this time, neither party formed a formal agreement of the sale. Before the parties brought the agreement to the Board of Director’s for approval, Defendant’s president took the agreement to the president of Defendant’s parent company, Lenon. Lenon rejected the sale. Lenon’s decision was binding on Defendant’s Board of Directors, causing Defendant to reject the sale as well. Plaintiff brought suit claiming breach of contract and a violation of good faith. The trial court ruled in favor of Defendant. Plaintiff appealed.
Only StudyBuddy Pro offers the complete Case Brief Anatomy*
Access the most important case brief elements for optimal case understanding.
*Case Brief Anatomy includes: Brief Prologue, Complete Case Brief, Brief Epilogue
- The Brief Prologue provides necessary case brief introductory information and includes:
Topic:Identifies the topic of law and where this case fits within your course outline.
Parties:Identifies the cast of characters involved in the case.
Procedural Posture & History:Shares the case history with how lower courts have ruled on the matter.
Case Key Terms, Acts, Doctrines, etc.:A case specific Legal Term Dictionary.
Case Doctrines, Acts, Statutes, Amendments and Treatises:Identifies and Defines Legal Authority used in this case.
- The Case Brief is the complete case summarized and authored in the traditional Law School I.R.A.C. format. The Pro case brief includes:
Brief Facts:A Synopsis of the Facts of the case.
Rule of Law:Identifies the Legal Principle the Court used in deciding the case.
Facts:What are the factual circumstances that gave rise to the civil or criminal case? What is the relationship of the Parties that are involved in the case.
Issue(s):Lists the Questions of Law that are raised by the Facts of the case.
Holding:Shares the Court's answer to the legal questions raised in the issue.
Concurring / Dissenting Opinions:Includes valuable concurring or dissenting opinions and their key points.
Reasoning and Analysis:Identifies the chain of argument(s) which led the judges to rule as they did.