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Paul Porvaznik – Business Litigator

Case Notes and Summaries of Recent Cases (State and Federal Courts – Illinois Focus)

Tag Archives: TLC

‘Perpetual’ Sales Distribution Contract Is Terminable At Will; It’s Too Indefinite

  The First District recently considered whether a contract that could only be ended on both parties’ written consent was too indefinite and “perpetual” to be enforceable.  In Rico Industries v. TLC Group, Inc., 2014 IL App (1st) 131522, the parties entered into a sales contract where plaintiff would sell products to Wal-Mart through defendant – the retailing monolith’s …

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Posted byPaulPApril 28, 2014February 10, 2015Posted inContract LawTags: contract cancellation, contract enforceability, Don't Go Chasin' Waterfalls, Porvaznik, Rico, terminable at will, termination, TLC, void contract, WalMart1 Comment on ‘Perpetual’ Sales Distribution Contract Is Terminable At Will; It’s Too Indefinite
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