ESI Group, Inc. v. Brown

Robert J. Gladwin, Judge.

Appellants ESI Group, Inc., a _and Rod Ford appeal from a circuit court’s re&sal to vacate an arbitration award. We affirm.

On August 18, 1998, ESI purchased the stock of Compass Telecommunications, Inc. (“CTI”), from appellees Denny and Susan Brown. The parties executed a Stock Purchase Agreement in which ESI agreed to pay the Browns $900,000 by wire transfer and $700,000 in a promissory note payable by February 15, 2000. Contemporaneously therewith, the Browns signed a Non-Competition Agreement, for which ESI agreed to pay them $200,000 on or before February 15,…