Hockenberg Equipment Co. v. Hockenberg's Equipment & Supply Co. of Des Moines, Inc.

McGIVERIN, Chief Justice.

This appeal arises out of a settlement contract between two competing restaurant equipment suppliers that limited the kind of *155advertising and marketing in which the defendants could engage. The defendants, conceding that they breached the contract, appeal the district court’s award to plaintiff of punitive damages,- a permanent injunction, and attorney fees. We affirm in part and reverse in part.

I. Background facts and proceedings. During the 1960s and 1970s, Hockenberg Fixtures and Supply Company did business in Omaha, Des Moines, and Davenport as a commercial food…