Nevada Supreme Court: Judge, Not Jury, Decides Unambiguous Contract
By EsqSocial Corporation 25/04/25
In 2011, a local water district in Nevada entered into a lease agreement with Paradise Canyon, LLC to provide shares of water for irrigating the Wolf Creek Golf Club. The lease agreement granted Paradise Canyon a right of first refusal with respect renewing the agreement, but unambiguously provided the district with sole and absolute discretion in rate-setting during the renewal period. When it came time to renew, the district notified Paradise Canyon that it intended to raise its rates. ...
By: Allen Matkins