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LIEBERMAN & KRAFF, M.D., S.C. v. DESNICK

No. 1-91-1407.

614 N.E.2d 379 (1993)

244 Ill. App.3d 341

185 Ill.Dec. 245

LIEBERMAN & KRAFF, M.D., S.C., Plaintiffs-Appellants, v. James DESNICK and James Desnick, M.D., S.C., Defendants-Appellees.

Appellate Court of Illinois, First District, Fifth Division.

March 31, 1993.

Attorney(s) appearing for the Case

Barack, Ferrazzano, Kirschbaum & Perlman, Chicago (Robert E. Shapiro, W. Scott Porterfield, of counsel) Katten Muchin & Zavis, Chicago (Laurence H. Lenz, Jr., of counsel), for plaintiffs-appellants.

Stamos & Trucco, Chicago (Michael T. Trucco, Steven J. Thompson, of counsel), for defendants-appellees.

Justice COUSINS, delivered the opinion of the court:

This appeal involves the proper interpretation of the Medical Practice Act. (Ill. Rev.Stat.1985, ch. 111, par. 4401 et seq.) On October 4, 1979, the plaintiffs, Lieberman & Kraff, entered into a contract to sell their medical practice to the defendant, James H. Desnick. The contract obligated the defendant to make payments to the plaintiffs based on a percentage of his gross revenue over a 20 year period...

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