Pinza v. Kimo, Inc. CA1/2
This appeal involves a dispute between KIMO, Inc. (KIMO) a licensed real estate brokerage firm that operates several real estate-related businesses, and two former agents of KIMO with the status of independent contractors: Steven Pinza, who sold real estate, and Nils Ratnathicam, who generated and closed real estate loans. The sole question presented is the meaning of “postdeparture payout” provisions in the written agreements between defendant and each plaintiff relating to commissions payable to the latter for as yet unpaid work on transactions that were unresolved or unclosed at the time plaintiffs’ relationships with KIMO ended.
The case largely turns upon the propriety of the trial court’s interpretation of materially identical provisions pertaining to commissions set forth in the written agreements between the parties. As we agree with the court’s interpretation of those provisions, we shall affirm the judgment.
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