Real Estate Firm Challenges Rival in Court; 'Exclusive Dealing' Resort Contract Called Unfair
Byline: Tom Ramstack, THE WASHINGTON TIMES
A lawsuit filed last week by a Virginia real estate company accuses Wintergreen Resort of unfair competition in selling homes and lots on its property in Nelson County.
Mountain Area Realty claims $6 million in damages resulting from a contract that gives preferential treatment to Wintergreen Resort's real estate partner, Roy Wheeler Realty Co.
The lawsuit in federal court in Alexandria tests the extent to which resorts can control real estate sales on their property with "exclusive dealing" contracts, which give favored status to a single company.
Central Virginia's Wintergreen Resort is a popular …
Questia, a part of Gale, Cengage Learning. www.questia.com
Publication information: Article title: Real Estate Firm Challenges Rival in Court; 'Exclusive Dealing' Resort Contract Called Unfair. Contributors: Not available. Newspaper title: The Washington Times (Washington, DC). Publication date: February 27, 2007. Page number: C07. © 2009 The Washington Times LLC. COPYRIGHT 2007 Gale Group.
This material is protected by copyright and, with the exception of fair use, may not be further copied, distributed or transmitted in any form or by any means.