Checkers Eight Limited Partnership v. La-Van Hawkins
Court of Appeals for the Seventh Circuit
1Opinion of the Court
FLAUM, Chief Judge.
Defendants La-Van Hawkins and his associated corporations appeal the amount of damages entered under an agreed order. They claim that a provision requiring them to pay an additional $150,000 if their scheduled payments under the order were tardy is an unenforceable penalty clause. The defendants also argue that plaintiffs Checkers Eight Limited Partnership *560("Checkers") and associated persons, partnerships, and corporations waived strict compliance with the payment schedule. For the reasons stated herein, we reverse and remand.
I. Background
The facts underlying this lengthy…
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