The plaintiff brought a motion for judgment in accordance with minutes of settlement arising from a shareholder oppression dispute between brothers over a corporation that operated a restaurant franchise and owned related real property.
The responding parties argued, in substance, that post-settlement tax advice permitted a different transaction structure, but did not assert non est factum, mistake, or unenforceability.
The court held the minutes of settlement contained all essential terms, including price, payment timing, responsibility for payments, and contemplated tax treatment, and found a clear meeting of the minds.
The court further declined to refuse enforcement on residual discretionary grounds, finding no unfairness and potential prejudice to the plaintiff if the settlement were not enforced.
Judgment was granted in accordance with the minutes of settlement, with motion costs fixed at $17,500.