Lynch v. Higley

This appeal and cross-appeal concern obligations created by a series of four agreements. The principal question on appeal is whether the first agreement is superseded or merely modified by the fourth agreement, both of which are shareholder agreements. The principal question on the cross-appeal is whether the second and third agreements, each signed by the same parties as part of the same transaction, are so far interdependent that breach by a party of one of the agreements discharges the other parties from their obligations to perform the provisions of the other agreement.

The facts as the…