Prichard v. Clay

OPINION

MOORE, Justice.

I

In September 1983, Robert L. Clay and Cherie Anderson (hereafter singularly and collectively “Clay”) leased a commercial parcel in Fairbanks from William D. Sexton and Beverly A. Sexton. The 20-year lease contemplated the construction of a fast food restaurant. Taco Bell and Pizza Hut also had leased nearby parcels from the Sextons, so paragraph 6 of the Clay-Sexton lease provided that Clay would not serve or allow another to serve Mexican or Italian food. 1 The Clay lease also provided that Clay could assign the lease if he would “first obtain the written consent…