Bickford's Family Restaurants, Inc. v. Waltham Ventures, LLC.

CourtMassachusetts Appeals Court
DecidedMay 24, 2023
Docket22-P-0006
StatusUnpublished

This text of Bickford's Family Restaurants, Inc. v. Waltham Ventures, LLC. (Bickford's Family Restaurants, Inc. v. Waltham Ventures, LLC.) is published on Counsel Stack Legal Research, covering Massachusetts Appeals Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Bickford's Family Restaurants, Inc. v. Waltham Ventures, LLC., (Mass. Ct. App. 2023).

Opinion

NOTICE: Summary decisions issued by the Appeals Court pursuant to M.A.C. Rule 23.0, as appearing in 97 Mass. App. Ct. 1017 (2020) (formerly known as rule 1:28, as amended by 73 Mass. App. Ct. 1001 [2009]), are primarily directed to the parties and, therefore, may not fully address the facts of the case or the panel's decisional rationale. Moreover, such decisions are not circulated to the entire court and, therefore, represent only the views of the panel that decided the case. A summary decision pursuant to rule 23.0 or rule 1:28 issued after February 25, 2008, may be cited for its persuasive value but, because of the limitations noted above, not as binding precedent. See Chace v. Curran, 71 Mass. App. Ct. 258, 260 n.4 (2008).

§§ COMMONWEALTH OF MASSACHUSETTS

APPEALS COURT

22-P-6

BICKFORD'S FAMILY RESTAURANTS, INC.

vs.

WALTHAM VENTURES, LLC.

MEMORANDUM AND ORDER PURSUANT TO RULE 23.0

This case arises from a real estate contract dispute. The

plaintiff, Bickford's Family Restaurants, Inc., which operated a

restaurant in Waltham, assigned the purchase option in its

commercial lease1 to the defendant, Waltham Ventures, LLC. In

addition to other consideration, the defendant agreed to a

deferred payment2 in the amount of $200,000, less credits,

subject to conditions discussed infra. Three years later, after

an inquiry by the plaintiff regarding status of the deferred

payment, the defendant stated its belief that, per the terms of

the parties' written agreement (contract), it did not owe the

1 The original lease was between the plaintiff and an entity named DPS Waltham Development, LLC, which is not a party to this appeal. 2 The deferred payment was, at times, referred to as a "kicker"

payment. deferred payment because it had refinanced a loan secured by the

property without netting any funds in excess of the payoff

balance. The plaintiff sued, seeking enforcement of the

deferred payment clause and damages under G. L. c. 93A. A

Superior Court judge granted summary judgment in favor of the

plaintiff on the breach of contract claim and permitted the

c. 93A claim to proceed to trial. After a bench trial, a

different Superior Court judge found for the defendant on the

c. 93A claim and ordered the plaintiff to pay fees and costs.

Both parties cross-appealed. Discerning no error, we affirm.

Discussion. 1. Summary judgment. On appeal, the

defendant argues that the motion judge should not have granted

summary judgment to the plaintiff as to the breach of contract

claim because (1) the language of the contract unambiguously

supported the defendant's position and (2) summary judgment was

inappropriate insofar as the judge had concluded that certain

provisions of the contract conflict. We are not persuaded.

"Our review of a motion judge's decision on summary

judgment is de novo, because we examine the same record and

decide the same questions of law." G4S Tech. LLC v.

Massachusetts Tech. Park Corp., 479 Mass. 721, 730 (2018),

quoting Kiribati Seafood Co. v. Dechert LLP, 478 Mass. 111, 116

(2017). "The standard of review of a grant of summary judgment

is whether, viewing the evidence in the light most favorable to

2 the nonmoving party, all material facts have been established

and the moving party is entitled to judgment as a matter of

law." G4S Tech. LLC, supra, quoting Casseus v. Eastern Bus Co.,

478 Mass. 786, 792 (2018).

"A contract is a promise or a set of promises for the

breach of which the law gives a remedy, or the performance of

which the law in some way recognizes as a duty." Sea Breeze

Estates, LLC v. Jarema, 94 Mass. App. Ct. 210, 215 (2018),

quoting I & R Mechanical, Inc. v. Hazelton Mfg. Co., 62 Mass.

App. Ct. 452, 454 (2004). "When contract language is

unambiguous, it must be construed according to its plain

meaning." Balles v. Babcock Power Inc., 476 Mass. 565, 571

(2017). "To determine whether the language at issue is

ambiguous, we look both to the contested language and to the

text of the contract as a whole." Id. at 572.

Here, we agree with the motion judge that the language of

paragraph 22 of the contract unambiguously supports summary

judgment in the plaintiff's favor. Paragraph 22 of the contract

states in full:

"Upon the earlier of (a) the third anniversary of the Closing, or (b) the occurrence of a Capital Transaction, Buyer shall pay Seller the Deferred Payment in the amount of Two Hundred Thousand Dollars ($200,000.00), less credits due to Buyer for (x) one-half (1/2) of the first six Non- refundable Option Payments made hereunder, and (y) any payments made by Buyer on account of Seller's failure to perform its obligations hereunder, including the Lease. As used herein, the term "Capital Transaction" shall mean the

3 Buyer's sale of all, or substantially all of its interest in the Property, either directly or [through] a transfer of a membership interest in Buyer or a financing transaction resulting in the recording of a mortgage or other security instrument against the Property after completion of the initial construction of the Project[], where such financing transaction pays Buyer a net amount of $1,000,000.00 or more over the payoff balance of the existing mortgage. If the net amount received by Buyer is less th[a]n $1,000,000.00 then the Deferred Payment amount required to be paid at the time of the financing transaction shall be reduced proportionately by the ratio of net amount received by Buyer divided by $1,000,000. This obligation shall survive the closing."

The plain language of this paragraph indicates that, given

the parties' agreement that no sale of the property has occurred

and that three years have passed since the defendant closed on

the property, the defendant must show, at a minimum, a genuine

issue of material fact regarding whether a new mortgage or

security had been recorded against the property in order to

avoid summary judgment on the claim of breach of contract. See

Sea Breeze Estates, LLC, 94 Mass. App. Ct. at 215. It has

failed to do so. See id. at 216-218 (summary judgment

appropriate where party fails to show genuine issue of material

fact regarding contract terms).

Paragraph 22 defines a "capital transaction" as, inter

alia, "a financing transaction resulting in the recording of a

mortgage or other security instrument." The undisputed record

reflects that the defendant's April 10, 2014 agreement with RBS

Citizens, N.A., titled "Amendment to Construction Mortgage,

4 Assignment of Leases and Security Agreement and Other Loan

Documents," was an amendment of the existing mortgage between

those parties, rather than a new mortgage. Indeed, the

defendant concedes as much in its brief. Because the amendment

did not result in the recording of a new mortgage or other

security instrument, it was not a capital transaction as defined

by paragraph 22. Therefore, the defendant's failure to generate

any additional funds through the refinancing and amendment of

its existing mortgage did not eliminate its obligation to make

the deferred payment.

The defendant further argues that summary judgment was

improper because the judge concluded that certain provisions of

paragraph 22 in the contract conflict and there was a factual

dispute as to the evidence necessary to harmonize that conflict.

We are not convinced.

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Bickford's Family Restaurants, Inc. v. Waltham Ventures, LLC., Counsel Stack Legal Research, https://law.counselstack.com/opinion/bickfords-family-restaurants-inc-v-waltham-ventures-llc-massappct-2023.