Certified Corp. v. GTE Products Corp.

How courts have described this case

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

• options in gross, which bind the successors and assigns of each party, create a contingent equitable interest in the option holder that is subject to the rule against perpetuities
• where parties fixed a twenty-five year period, option violated rule

Source: CourtListener parenthetical corpus (CC0).