ASAD U. KHAN v. STATE OF FLORIDA

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• holding that an employment contract of a covenantor for the duration of the covenant not to compete is entitled to some weight, but is not determinative
• holding the strong proof rule inapplicable when the relevant allocation terms of the contract were ambiguous; instead, the taxpayers needed to prove their preferred interpretations by only a preponderance of the evidence
• allocating portion of company’s purchase price to covenants not to compete
• language that covenant was “materially significant and essential to the closing” and that the covenants constituted a “material portion of the purchase price set forth hereinabove” clear indication that both parties intended some allocation
• 54 AFTR 2d 84 -5407, 84-2 USTC P9885

Source: CourtListener parenthetical corpus (CC0).