Lakeshore Investment LLC v. Now Solutions, Inc. CA2/8
INTRODUCTION This case addresses the enforceability of a liquidated damages provision within a settlement agreement. Plaintiff Lakeshore Investments (Lakeshore) and Defendants NOW Solutions, Inc. and Vertical Computer Systems (together, NOW) entered into an agreement to settle a lawsuit Lakeshore had brought against NOW Solutions, Inc. The settlement agreement provided that if defendants defaulted on their promise to pay
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