The defendants brought a motion for summary judgment seeking to dismiss the plaintiff's action, arguing that no contract was formed as alleged by the plaintiff, or alternatively, that the claim was barred by the Limitations Act, 2002.
The plaintiff sought summary judgment in his favour, asserting a binding agreement for shares or a portion of sale proceeds.
The court granted the defendants' motion, finding that the parties were never bound to a legally enforceable agreement beyond the initial employment contract, which contained an "entire agreement" clause.
The court concluded there was no "meeting of the minds" on subsequent compensation arrangements and that the limitations period issue was moot given the lack of a discoverable claim.