United States Eighth Circuit

In a breach of contract action arising from failed negotiations for the acquisition and management of a financially struggling trucking company, summary judgment for defendants is affirmed where: 1) the alleged contract was merely an agreement to agree in the future and did not constitute a valid contract because the necessary Stock Purchase Agreement was never signed by the parties; and 2) because the memorandum explicitly stated that it was not the final contract, plaintiff could not have justifiably relied on its contents.

Appellate Information

• Decided 08/25/2010
• Published 08/25/2010

Judges

• Bobby E. Shepherd

Court

• United States Eighth Circuit

Counsel