LeBreton v. Allain-LeBreton Co.

WOODARD, Judge.

In this contract interpretation case, the plaintiffs, Walter J. St. M. LeBreton, Jr. et al., appeal the trial court’s holding that the Allain-LeBreton Partnership Agreement prohibited the exchange of partnership interests.

FACTS

This appeal arises from a dispute over the interpretation of the transfer restriction clause, governed by Article Seven (7) in the Allain-LeBreton Company’s (ALC) written partnership agreement. ALC is a Louisiana partnership formed on December 12, 1977, for a term of seventy-five years. The partnership consists of members of the Allain and the LeBreton…