Opinion
Civil Action 3:22-cv-00513
03-29-2024
ORDER AND DECREE OF SPECIFIC PERFORMANCE
JOSEPH F. SAPORITO, JR. CHIEF UNITED STATES MAGISTRATE JUDGE
AND NOW, this 29th day of March, 2024, upon consideration of the pleadings, testimony, and evidence presented at trial, and in accordance with the accompanying Memorandum, IT IS HEREBY ORDERED THAT:
1. The clerk shall enter JUDGMENT in favor of the plaintiffs and against the defendants on all counts of the complaint and counterclaim;
2. It is DECLARED that the parties entered into a valid and binding “Contract for Sale of Advertisement” on June 18, 2021, a true and correct copy of which was submitted into evidence as Trial Exhibit P- 1 (the “Contract”); and
3. It is DECREED that the defendants shall comply with the terms of the restrictive covenant set forth at paragraph 16(a) of the Contract, which provides in substance that the defendants shall not reestablish, reopen, become engaged, employed or in any other manner whatsoever be interested, directly or indirectly, in the same or similar business as that sold to the plaintiffs within the state of Pennsylvania for a period of five (5) years from the date of closing of the Contract, June 18, 2021-provided, however, that this decree of specific performance is CONDITIONED upon the plaintiffs' payment to the defendants of the remaining $60,000 balance due under the Contract.