06 October 2017
Liddle (on his own behalf and as Executor of the estates of Liddle (Deceased)) and another v Liddle and others; Liddle and others v Liddle (on his own behalf and as Executor of the estates of Liddle (Deceased)) and another [2017] EWHC 2261 (Ch), [2017] All ER (D) 05 (Oct)
The proper understanding of a clause of a family farming partnership agreement meant that the shares of three outgoing partners were subject to acceleration of liability to pay the purchase price, such that the continuing partners were immediately liable to pay the full purchase price. The Chancery Division, amongst other matters, held that interest was payable on one element (comprising 20%) of the purchase price.
