Nvl, Inc. v. Volvo Car USA LLC

CourtNew Jersey Superior Court Appellate Division
DecidedFebruary 15, 2024
DocketA-0640-22
StatusUnpublished

This text of Nvl, Inc. v. Volvo Car USA LLC (Nvl, Inc. v. Volvo Car USA LLC) is published on Counsel Stack Legal Research, covering New Jersey Superior Court Appellate Division primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Nvl, Inc. v. Volvo Car USA LLC, (N.J. Ct. App. 2024).

Opinion

NOT FOR PUBLICATION WITHOUT THE APPROVAL OF THE APPELLATE DIVISION This opinion shall not "constitute precedent or be binding upon any court." Although it is posted on the internet, this opinion is binding only on the parties in the case and its use in other cases is limited. R. 1:36-3.

SUPERIOR COURT OF NEW JERSEY APPELLATE DIVISION DOCKET NO. A-0640-22

NVL, INC., A DELAWARE CORPORATION and HOOMAN NISSANI, an individual,

Plaintiffs-Appellants,

v.

VOLVO CAR USA LLC, A DELAWARE LIMITED LIABILITY COMPANY,

Defendant-Respondent. _______________________

Argued December 5, 2023 – Decided February 15, 2024

Before Judges Whipple, Mayer and Paganelli.

On appeal from the Superior Court of New Jersey, Law Division, Bergen County, Docket No. L-4341-18.

Christopher J. Sullivan argued the cause for appellants (Nutter McClennen and Fish LLP, attorneys; Christopher J. Sullivan, on the briefs).

Patrick Thomas Hagerty argued the cause for respondent (Hardin, Kundla, McKeon and Poletto, attorneys; Patrick Thomas Hagerty, on the brief; Paul Daly, on the brief).

PER CURIAM

Plaintiffs NVL, Inc. and Hooman Nissani (Nissani) appeal from an

October 17, 2022 order granting summary judgment to defendant Volvo Car

U.S. LLC (Volvo), and dismissing their complaint with prejudice. We affirm.

I.

We recite the facts from the record. For nearly twenty years, Nissani

operated several car dealerships in Long Beach and Los Angeles California.

Among his dealerships were Chrysler, Dodge, RAM, Hyundai, Nissan, Toyota,

Acura, Scion, General Motors, Chevrolet and Jeep. Additionally, Nissani

received many awards for dealership design and successful dealership

management. In addition to owning and operating several successful car

dealerships, Nissani was a real estate developer and owned a number of real

estate projects in the Los Angeles area. Volvo is a world-renowned automotive

manufacturer, in operation for over fifty years.

On November 5, 2014, Nissani and Volvo executed an eight-page Letter

of Intent (2014 LOI) to construct a new Volvo dealership in Long Beach,

California. In pertinent part the 2014 LOI provided:

A-0640-22 2 You have requested that Volvo . . . enter into a Volvo Retailer Agreement . . . that is exclusive to Volvo dealership operations.

....

[Volvo]'s offer to enter into a Volvo Retailer Agreement is subject to the satisfaction, in [Volvo]'s sole and reasonable discretion, or waiver of the terms and conditions set forth in this LOI, including, without limitation, the timely performance to [Volvo]'s satisfaction of your obligations set forth below:

5. Facility Commitment, Construction. On or before May 1, 2015, you must complete construction of the New Facility at the Long Beach site, and secure from the appropriate municipal authority a certificate of occupancy. By this date, you must also occupy the New Facility and open the Dealership for business operations. Construction of the New Facility shall be in strict accordance with all of the architectural details, colors, furniture, finishes, fixtures, materials, signage and key design elements of the Design Program, as will be specified in . . . [d]rawings . . . that will be prepared by a [Volvo] representative at your expense.

19. Termination of LOI. If, in the judgment of [Volvo], exercised in its sole and reasonable discretion (a) you fail to satisfy . . . in a timely and lawful manner any of [your] obligations set forth in this LOI; (b) you . . . fail to meet [Volvo]'s due diligence criteria; (c) any of the conditions set forth in this LOI are not timely satisfied (or waived); or (d) you . . . fail to satisfy any and all other terms and conditions required by [Volvo] in its

A-0640-22 3 reasonable discretion, [Volvo] shall have the right to terminate this LOI, upon delivery of written notice to such effect to you. In such event, [Volvo] shall be under no obligation to enter into a Retailer Agreement with [you], and neither [Volvo] nor any [Volvo] Entity . . . shall be liable to you . . . for any damages suffered by reason of reliance on this LOI.

21. Miscellaneous.

d. Covenant not to Sue. You hereby voluntarily assume the entire risk of the undertakings contemplated herein. You, by your execution and delivery of this LOI, and intending to be legally bound hereby, further agree and covenant not to sue any [Volvo e]ntity with respect to any or all damages you may suffer by reason of taking any action in reliance upon this LOI, in the event [Volvo] terminates this LOI, and, in so doing, fails or refuses to approve [your] . . . appointment as a [Volvo] Retailer.

g. Due Diligence, Construction. You represent and warrant to [Volvo] that you have executed this LOI voluntarily and of you own free will. You further represent that, prior to the execution of this LOI, you have had adequate time and information to permit you to consult with your accountants, attorneys, financial advisors

A-0640-22 4 or other consultants of your choice. The parties agree that the words used in this LOI shall be deemed to be words chosen by [Volvo] and you to express mutual intent. No rule of strict construction against either [Volvo] or you shall apply to any term or provision of this LOI.

Over the next two years, there was little progress in Nissani's construction

of the new Volvo dealership. Therefore, in the Spring of 2016 the parties began

discussing a new LOI (2016 LOI). On August 24, 2016, Volvo provided Nissani

with the initial version of the 2016 LOI. In the initial version of that LOI, the

"dollar amounts and construction timelines . . . were negotiable."

On September 1, 2016, Nissani sent Volvo an email stating he provided

the 2016 LOI to his attorney for review. Volvo understood Nissani was

reviewing the 2016 LOI with his counsel and the review "took a lot of time."

However, Nissani testified he "was not sure or did[ not] believe he shared the

LOI with his attorney" because Volvo wanted to "keep[] everything completely

confidential and not to shar[e] it with anybody," including his attorney. Despite

not being "confident that [he] understood all the terms and conditions of the"

2016 LOI, Nissani signed the agreement.

On October 25, 2016, the parties executed the thirteen-page 2016 LOI. In

relevant part, the 2016 LOI provided:

A-0640-22 5 This LOI replaces the [2014 LOI] . . . . No terms from the [2014 LOI] are relevant to the terms and conditions set forth in this LOI.

2.1 The appointment of [you] as an authorized Volvo retailer is conditioned on, and subject to, you completing and satisfying (as determined by us, in our sole discretion) the Conditions and deadlines set out on Schedules 1, 2 and 3, otherwise complying with and fulfilling your obligations under this LOI.

2.8 ...

. . . . You agree that the approved Volvo facility shall be completed and ready for operation by August 15, 2017.

[Volvo] Support & Payment Schedule: We will provide Facility Support Funds in the amount of $2,000,000. These support funds are solely to assist in making approved facility investments at the approved location. These funds will be provided to you in three (3) lump sum installments . . . .

2.13 You agree to be ready to commence Volvo operations by August 15, 2017.

A-0640-22 6 7. Other rights of termination

7.2 We may also terminate this LOI by giving you written notice if, in our judgment, exercised in our sole and reasonable discretion:

(b) any of the Conditions are not fulfilled by the deadlines set out on Schedules 1 or 2; or

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Nvl, Inc. v. Volvo Car USA LLC, Counsel Stack Legal Research, https://law.counselstack.com/opinion/nvl-inc-v-volvo-car-usa-llc-njsuperctappdiv-2024.