Litton v. London Guaranty & Accident Co.

How courts have described this case

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

• finding that memorializing basic terms of transaction and agreement to negotiate in accordance with those terms supports finding of Type II agreement
• vacating the court’s equitable damages award upon reversing its denial of expectation damages for promissory estoppel
• declining to enforce the terms of a preliminary agreement that was considered the framework for a future agreement and was ultimately superseded by the future agreement
• “The promise to negotiate in good faith for a definitive license agreement in accordance with the LATS’s terms is expressly included in both the Bridge Loan and Merger Agreements.”
• “Promissory estoppel does not apply, however, where a fully integrated, enforceable contract governs the promise at issue.”
• “Promissory estoppel does not apply, however, Where a fully integrated, enforceable contract governs the promise at issue.”

Source: CourtListener parenthetical corpus (CC0).