New York Court of Appeals

Riverside South Planning Corporation, Appellant v. CRP/Extell Riverside, L.P., Respondents

November 24, 200913 N.Y.3d 398

Summary

The New York Court of Appeals affirmed the Appellate Division's dismissal of Riverside South Planning Corporation's breach of contract claim, holding that the 1993 Letter Agreement's sunset clause unambiguously terminated all obligations after ten years, so Extell had no contractual duties to RSPC. The Court rejected the argument that the clause was ambiguous or that the assignment provision extended obligations beyond the sunset period.