Farley v. Salow

Two issues are presented upon this appeal:

1. Is the subject contract, taking all internal references into account, so ambiguous as to require reference to the last resort principle of construction against the party who prepared it?

2. Should damages based on the value of a sum to be paid over time be reduced to the present value of the future payments ?

The agreement.

The agreement in question here basically provides that additional consideration will be paid to the plaintiffs if the entire control of Spincraft passes from the present owners to a third party as a result of Spincraft being sold,…