The parties, two dentists operating through professional corporations, entered into a joint venture agreement that provided for termination on 90 days' notice but was silent on the consequences of termination.
The respondent gave notice of termination and sought to exclude the appellant from the practice and buy out his interest.
The application judge declared the joint venture terminated, excluded the appellant from the practice, and directed that the appellant's interest be sold to the respondent, with financial issues to be resolved separately.
The Court of Appeal dismissed the appeal, finding that the application judge had jurisdiction and that terminating the appellant's ownership interest was necessary to give business efficacy to the termination provision and the parties' common intention.