Springs Thunder Agency, Inc. v. Odom Insurance Agency, Inc.

ELLIS, Judge.

Plaintiff, The Springs Thunder Agency, Inc., operated a fire and casualty insurance agency in D'enham Springs, Louisiana. In early 1968, a representative of Odom Insurance Agency, Inc., the defendant, contacted Mr. Spring, plaintiff’s president, relative to buying the business. After some negotiation, the sale took place, as of June 1, 1968. A written contract was entered into which contained the following pertinent language:

“Things Sold: Seller conveys all records and files of the agency sold to Buyer and the exclusive right to the renewals on existing active accounts of the…