Baldwin v. New

DEVANY, Justice.

This is an appeal from a suit on a contract between two former partners in a real estate development company. Peter W. Baldwin, Fritz New, and 0. Ike Harris were partners in the Baldwin-Harris Company from 1974 until 1982. Following negotiations which began in 1982, New, Baldwin and Harris reached an agreement that New would withdraw from the partnership (“the Agreement”), giving up his ten percent interest in exchange for certain real properties, cash, and other consideration.

Subsequently, the parties entered into another agreement (“the March 24 Letter”), which is the basis…