This case involved the question whether a joint venture agreement, by which the defendant acquired 47% of the stock of a non-party, violated the plaintiff’s right of first refusal under an agreement with the non-party.
The Court held that a restraint on the transfer of ownership must be strictly construed, particularly where the restraint may also have the capacity to limit competition in the marketplace.
The Court found that a party acting for a legitimate business purpose could not be liabile for tortious interference with contract.