Hooker Chemicals & Plastics Corp. v. International Minerals & Chemical Corp.

Order entered June 11, 1982 unanimously modified by striking second ordering paragraph and, as modified, affirmed, with costs to defendant. Order entered July 20, 1982 unanimously affirmed. Memorandum: In January, 1972 plaintiff and defendant entered into a joint venture agreement for the production of all or a portion of their respective requirements of caustic potash, chlorine and hydrogen. The agreement was one of a series of contracts whereby plaintiff and defendant agreed to operate a facility on plaintiff’s property, utilizing a secret technique developed by defendant for the production…