Jhala v. Patel

PATRICIA L. COHEN, Presiding Judge.

Dipak Patel appeals from the trial court’s judgment ordering specific performance of indemnity and release provisions contained in a stock sale agreement. We affirm in part and reverse in part.

*15 Background

Mr. Patel agreed to purchase Rajen Jha-la’s half-interest in two hotel corporations, Bhavi Corporation and Subhali Corporation. Jay Vidyalankar, who owned several other hotel corporations with Mr. Patel, controlled the remaining half-interest.

To memorialize the purchase, Mr. Jhala, Mr. Patel, and Mr. Vidyalankar entered into a written agreement which…