Woodstock Soapstone Co. v. Carleton, 133 N.H. 809 (1991)

Citation: Woodstock Soapstone Co. v. Carleton, 133 N.H. 809 (1991)
Parent Document: Woodstock Soapstone Co. v. Carleton, 133 N.H. 809 (1991)
Jurisdiction: New Hampshire (state)
Effective Date: 1991-01-28
Original Source: https://www.courtlistener.com/opinion/8090733/woodstock-soapstone-co-v-carleton/ ↗

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As noted earlier, the lease agreement between Woodstock and Carleton contained an option giving Woodstock the right to purchase the space it leased. In March, 1988, Woodstock exercised this option, but Carleton refused to honor it. Woodstock’s president had also negotiated with the general manager of the adjacent tenant, Life Sciences Manufacturing, Inc. (Life Sciences), to acquire an option that Life Sciences held to purchase from Carleton the remaining forty percent of the building, in exchange for Woodstock’s giving Life Sciences a new and more favorable lease. In February, 1988, Woodstock exercised the option acquired from Life Sciences, and Carleton refused to honor it.

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