dispatches from TJICistan

http://www.boston.com/news/local/article…

A Brighton man who decided he wanted out of his 10-year agreement for two club seats after just one year must pay for the seats for the rest of the contract – $65,500, plus interest, the state’s highest court ruled yesterday.

“I’m disappointed that it’s gone this way,” said the Patriots fan, Paul J. Minihane, a real estate broker and developer who chairs the Boston Finance Commission, a city watchdog agency. He declined to comment further on the ruling, which treated the agreements like leases on rental properties.

During a 2006 trial in a lower court, Minihane admitted that he did not read the entire agreement carefully, including the provision requiring him to pay the balance of the contract if he defaulted, the Supreme Judicial Court said yesterday.

The court noted that Minihane had signed many commercial contracts and always warned real estate clients to read agreements closely.

Yay for rule of law.

We don’t see it that often any more, but it’s nice when we do!

This entry was posted on Friday, May 16th, 2008 at 7:26 am and is filed under General. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.