Peterson v. Don Peterson & Associates Insurance Agency, Inc.

The defendant, Don Peterson & Associates Insurance Agency, Inc. (hereinafter referred to as the Agency), appeals from the district court’s granting of partial summary judgment and subsequent summary judgment in favor of the plaintiff, Thomas R. Peterson, a former employee of the Agency, in his action for breach of a contract.

The plaintiff filed a petition in district court on July 22,1987, for recovery of $27,000, which represented the balance due under a “Termination Agreement and Sale of Stock of [the Agency]” entered into between the parties on February 27, 1987, and for prejudgment…