Ford Dealers

Lindquist Ford v. miller, --- F.3d ----, 2009 WL 454730 (7th Cir. 2009) Middleton Motors, Inc., a struggling Ford franchise advance up Madison, Wisconsin, sought managerial and financial assistance from Lindquist Ford, Inc., a booming Ford dealership located in Bettendorf, Iowa. The prove negotiations center on on Middletons need for centering services and a cash infusion from Lindquist. The twain dealerships mostly agreed that Craig Miller, Lindquists general manager, would take over as manager of Middleton and that Lindquist would be compensated for these services based on Middletons net income after Miller turned the dealership around. Before ledger entry into more serious negotiations, the parties gestural a confidentiality stipulation drafted by Lindquist. It included the following applicable provisions: In data link with the interest of [Lindquist], in exploring the possible acquisition (the action) of all or a portion of the business (the Business) owned by you, We ar requesting that you or your representatives furnish certain information relating to the Business. . . . . . . . 6.

) We have depend upon and agree that unless and until a written definitive agreement concerning the Transaction has been penalize neither you, each of your Representatives, us nor any of our Representatives, pull up stakes have any liability to the other with evaluate to the Transaction, whether by virtue of this agreement of [sic] any other written or oral expression wi th respect to the Transaction othe! rwise. On April 17, 2003, the two dealerships met to hammer out a deal. Middleton sought Millers services as a general manager and a cash infusion from Lindquist in exchange for a profit-sharing agreement. A general understanding was reached that Miller would take over as general manager of Middleton and Lindquist would be paid for these services on a percentage-of-net-profit basis,...If you want to shell a full essay, station it on our website: BestEssayCheap.com

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