If there's a board better suited to respond to this please advise. I'm hoping someone can interpret some legalese involving Innovation Pharmaceuticals (IPIX). For background: The Company rented some space and based on a clause in their lease it was automatically renewed. That's the primary issue in the case..failure to give notice of their intent to vacate. The bench trial just started and one of the early docket entries reads this way:
Count lll involves a claim for damages to the property. It seems as if the parties are agreeing to toss that claim. I can't tell if that's the only thing the docket item is dealing with or if the underlined phrase (I underlined it) is stipulating to the dismissal of one of the party's entire counterclaim and, if so, which party? That doesn't make much sense to me...it would effectively close the case...but I don't know how else to read it.
Thanks.
No matter what it is or who commenced it, I'm against it! ....Groucho
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