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RIVERSIDE S. v. CRP/EXTELL

No. 171

13 N.Y.3d 398 (2009)

892 N.Y.S.2d 303

RIVERSIDE SOUTH PLANNING CORPORATION, Appellant, v. CRP/EXTELL RIVERSIDE, L.P., et al., Respondents.

Court of Appeals of New York.

Decided November 24, 2009.

Attorney(s) appearing for the Case

Cravath, Swaine & Moore LLP, New York City (Max R. Shulman of counsel), for appellant.

Schlam Stone & Dolan LLP, New York City (Richard H. Dolan and Thomas A. Kissane of counsel), for respondents.

Chief Judge LIPPMAN and Judges CIPARICK, READ, SMITH, PIGOTT and JONES concur.

OPINION OF THE COURT

GRAFFEO, J.

In this breach of contract case, we are asked to determine the scope of a sunset clause that appears in a 1993 Letter Agreement relating to the development of a parcel of real property. Because we agree with the Appellate Division that, under the provision in question, the obligations in the agreement ceased in 2003—two years before defendant purchased the property...

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