- -5 6. Seller covenants and agrees that he will not join or participate with another law firm in Grand Forks or Polk County for a duration of five (5) years. 7. That should he be contacted with regard to cases, he will use his best efforts to refer the cases to the Purchasers. 8. During the year 1986 Seller shall spend as much time as is practicable and reasonable for an orderly transfer and disposition of various cases including trial, if necessary. 9. Purchasers herein agree that after said purchases, that each of the Purchasers will own said law firm equally, each owning thirty-three and one third (33 1/3) share. Dated this 10th day of December, 1986. The year "1986" was an error and, in fact, petitioner, Mr. Moosbrugger, Mr. Ohlsen, and Ms. Dvorak each signed the agreement in December 1985. Mr. Carter agreed to purchase a share in the law partnership on December 13, 1985, pursuant to a purchase agreement (the Carter purchase agreement). The Carter purchase agreement stated as follows: THIS AGREEMENT made by and between John H. Moosbrugger, Richard A. Ohlsen, and Shirley A. Dvorak, hereinafter known as Sellers, and Ralph Carter, hereinafter known as Purchaser. WHEREAS, Sellers are desirous of selling to Purchaser a twenty-five (25) percent interest in the partnership known as Mack, Moosbrugger, Ohlsen & Dvorak, and hereinafter the execution of this agreement to be known as Mack, Moosbrugger, Ohlsen, Dvorak & Carter, and the Purchaser is interested in purchasing the [ownership] interest offered for sale by the Sellers.Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
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