RGS, Cardox Recovery, Inc. v. Dorchester Enhanced Recovery Co.

OPINION

DORSEY, Justice.

This is an appeal from a summary judgment in an action for interpretation or reformation of the terms of a joint venture agreement. We affirm the judgment of the trial court.

The disputed language within paragraph 9.2 of the Joint Venture Agreement, entitled Management Committee, provides in part: “No Management Committee meeting may be held or action taken unless voting members representing aggregate venture percentages of at least seventy-five percent (75%) are present and voting, and all decisions except as otherwise herein provided shall be by majority vote....”…