Dean v. Kruse Foundation, Inc., Dean Kruse and Kruse International v. Jerry W. Gates

OPINION

RILEY, Judge.

STATEMENT OF THE CASE

Appellants-Defendants/Counterclaim Plaintiffs, Dean V. Kruse Foundation (Foundation), Dean V. Kruse (Kruse), and Kruse International (collectively, the Kruse Parties), appeal the trial court’s judgment against Appellee-Plaintiff/Coun-terclaim Defendant, Jerry W. Gates (Gates).

We reverse and remand with instructions.

ISSUE

The Kruse Parties raise two issues on appeal, which we consolidate as the following issue: Whether the trial court erred when it interpreted the parties’ agreement to contain a liquidated damages clause.

FACTS AND PROCEDURAL HISTORY

The…