Douglas Elliman LLC v. 21-45 44th Drive LLC

The provision of the agreement at issue states, “[A]dvances shall be fully reimbursed by [plaintiff] from the Commissions paid by [defendant] ... at a rate of twenty percent ... of [plaintiff]’s portion ... of each Commission . . . until [defendant] is fully reimbursed.” The motion court properly found that the requirement that defendants be “fully reimbursed” was qualified by the clause “from the Commissions ... at a rate of twenty percent ... of [plaintiff]’s portion of each Commission” (see Goldstein v Frances Emblems, Inc., 269 App Div 345, 347 [1st Dept 1945]). Although 20% of plaintiffs…