Gelman v. Buehler

Tom, J.E, and Catterson, J., dissent in a memorandum by Catterson, J., as follows:

In my opinion, because the plaintiff does not allege that the parties’ oral partnership agreement had a definite term, it was an at-will partnership that the defendant had the right to terminate at any time. Therefore, I must respectfully dissent.

This action arises from a purported oral partnership agreement between the plaintiff and the defendant that was formed for the purpose of engaging in a business venture called a “search fund.” The plaintiff alleges that the parties would solicit investment capital from…