Venus Laboratories, Inc. v. Katz

This is an appeal and cross appeal taken by the plaintiffs Fred and Adele Katz and the defendant Venus Laboratories, Inc. [Venus] from a final judgment entered after a non-jury trial in a breach of contract action. We affirm in part and reverse and part.

First, we reject the two points raised on the main appeal by Venus, (a) Venus’ promise to employ Fred Katz [Katz] as a consultant for $20⅛000 a year, plus expenses not to exceed $5,000 a year, for so long as any portion of the obligations in the larger agreement between the parties [wherein Katz undertook to sell his chemical business to…