Fischer v. CTMI, L.L.C.

In this contract dispute between the seller and buyer of a business, the buyer contends that one of its payment - obligations is an unenforceable “agreement to agree.” We conclude that the payment provision is enforceable because its material terms are sufficiently definite to enable a court to determine the buyer’s obligation and provide a remedy for its breach. We reverse the court of appeals’ judgment and reinstate the trial court’s judgment.

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Background

' Ray Fischer owned a tax-consulting business called Corporate Tax Management, Inc. As Fischer approáchéd retirement, he…