LIEBERMAN & KRAFF, MD, SC v. Desnick

This appeal involves the proper interpretation of the Medical Practice Act. (Ill. Rev. Stat. 1985, ch. Ill, par. 4401 et seq.) On October 4, 1979, the plaintiffs, Lieberman & Kraff, entered into a contract to sell their medical practice to the defendant, James H. Desnick. The contract obligated the defendant to make payments to the plaintiffs based on a percentage of his gross revenue over a 20-year period. The defendant made payments from 1981 until 1985, but in 1986 he refused to make further payments. On December 17, 1986, the plaintiffs brought an action for breach of contract against the…