IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE

IN THE MATTER OF

The Estate of John T. Landon, Jr.

)

) C.A. No. 5230-VCZ

ORDER ENFORCING SETTLEMENT AGREEMENT

WHEREAS:

A. John T. Landon died on March 30, 2006. On January 25, 2010, the 

executors of John’s estate and children from his first marriage, Keith B. Landon and 

Ann L. Richter (together, “Petitioners”), initiated this matter seeking instructions 

regarding the proper disposition of three properties between a life estate for Martha 

Landon, John’s second wife, and the remainder interests for John’s children.

1

 The 

matter has proceeded painfully slowly, with three judicial officers urging action 

based on the lack of case activity.2 

B. In 2015, Petitioners moved to enforce a settlement agreement with 

Martha.3 I presided over a hearing on that motion on March 20, 2017. Martha was 

eighty-two years old at the time, had no memory of speaking with her attorney about 

1

In this family matter, I use first names in pursuit of clarity. I intend no familiarity or 

disrespect. For more background and the definitions of defined terms, see IMO John T. 

Landon, Jr. Estate, 2017 WL 2492044 (Del. Ch. June 8, 2017) [hereinafter the “Final 

Report”]. This report is also available at Docket Item (“D.I.”) 128.

2 D.I. 13; D.I. 25; D.I. 72; D.I. 109; D.I. 151; D.I. 160; D.I. 170.

3 D.I. 91. 
2

this case and could offer only very general testimony.4 She could not recall the 

settlement negotiations.5

C. On June 8, 2017, serving as Magistrate in Chancery, I issued a final 

report (the “Final Report”) concluding Petitioners and Martha, via her son Robert L. 

Moore Jr. holding her power of attorney, had reached an enforceable settlement 

agreement.6 Martha took exception to the Final Report, and the parties briefed her 

exceptions;

7 Vice Chancellor Glasscock referred the matter back to mediation before 

Magistrate Griffin.

8

D. On July 31, 2018, Magistrate Griffin reported the parties entered into a 

written settlement agreement (the “2018 Settlement Agreement”).

9

 Her letter further 

provided, “The parties will notify the Court once all conditions of the agreement 

have been met to request dismissal of the case with prejudice.”10 The 2018 

Settlement Agreement provided in relevant part: “As of the date this Agreement is 

finalized, Martha will convey her lifetime interest in the parcel of property with the 

address of 14660 Coastal Highway, Milton (‘Marvel property’) as specified in John 

4 Final Report at *5.

5

Id. at *6.

6

Id. at *1. 

7 D.I. 131; D.I. 136; D.I. 139; D.I. 140.

8 D.I. 145.

9 D.I. 149; D.I. 180, Ex. A [hereinafter “2018 Settlement Agr.”].

10 D.I. 149.
3

T. Landon, Jr.’s Third Codicil Paragraph 1.”11 “Although the settlement agreement 

that came out of mediation appears somewhat simple on its face,” both parties have 

separately and similarly communicated to this Court that it had “many loose ends to 

finalize.”12 To date, the parties have not finalized their agreement. 

E. On May 16, 2019, I asked the parties to file a stipulation of dismissal 

or status update.

13

 The responsive status update stated, “The parties were able to 

reach a new settlement at that [2018] mediation; however, it was subject to and 

conditioned upon the consent of certain interested non-parties who have not 

participated in this litigation, the Avenue United Methodist Church of Milford 

(Church), and the heirs of Byron Landon.”14 Those consents were obtained by 

October 11, 2019.

15

 The parties had one more loose thread to tie up in order to 

finalize the 2018 Settlement Agreement: the Estate and co-executors needed to 

“provide reciprocal releases,” and all releases needed to be “as comprehensive as 

may be devised so as to prevent further litigation on any grounds hereafter regarding 

the Estate.”16 

11 2018 Settlement Agr. ¶ 4(d).

12 D.I. 167; see also D.I. 169 at 2 (“[T]he Petitioners view the original agreement as 

incomplete or loosely written and in need of more detail . . . .”). 

13 D.I. 151.

14 D.I. 152 at Stat. Rep. at 1–2.

15 D.I. 159 at Other.

16 2018 Settlement Agr. ¶ 9.
4

F. On February 25, 2020, I again asked whether the case could be closed.17 

Per a joint status update from Martha and Petitioners, counsel was working on the 

deed contemplated by the 2018 Settlement Agreement and further documentation of 

their agreement: “[a] draft settlement agreement and release has been drafted and 

counsel plan to circulate it among the parties for review shortly.”18 The parties

negotiated releases over the years that followed, their naturally slow pace reduced 

further by the inconveniences and sorrows of the COVID-19 pandemic.

19

 A 

December 17, 2021,status update raised “a potential issue as to whether the structure 

on the Marvel property has been deteriorating in the interim.”20

G. On March 21, 2022, Petitioners filed a letter titled “Motion for Order 

Granting Leave to Inspect Premises,” namely the Marvel Property, asserting that 

Martha allowed it to deteriorate.21 Martha “d[id] not generally object to an 

17 D.I. 160.

18 D.I. 161.

19 See D.I. 163 at 2 (“Petitioners will present the proposed settlement agreement to the 

contingent beneficiaries for approval.”); see also D.I. 165 (“Petitioners are awaiting 

Respondent’s revisions to the draft settlement agreement.”); D.I. 167 (“[T]here has been 

progress made towards finalizing the settlement agreement”); D.I. 169 at 2 (“[T]he 

Petitioners view the original agreement as incomplete or loosely written and in need of 

more detail and anticipated that the comprehensive releases referenced therein would 

address such details.”); D.I. 174 at Stat. Rep. 3 (“The parties seem to be at impasse with 

respect to their differences regarding the proposed documents necessary to consummate 

their settlement.”).

20 D.I. 169.

21 D.I. 174 at Stat. Rep. 3–4.
5

inspection, [but] . . . object[ed] to the intended use of the inspection to establish 

liability.”22 I held a teleconference urging counsel to put this matter to rest, after 

which counsel conferred and Martha permitted the inspection.

23 The Marvel 

Property is in horrible shape.24

H. The parties followed with cross-motions to enforce the 2018 Settlement 

Agreement, which the parties briefed25—with more prompting from this Court26—

after resolving a safe harbor declaration under the no-contest clause of John’s will.

27

 

The parties disagree as to who bears the responsibility to maintain the Marvel 

Property, and who bears the responsibility for preparing the deed; both wish to 

impose on the other these responsibilities. Both have drowned in ink trying to exact 

further concessions from the other. Neither anchors their argument in the text of the 

2018 Settlement Agreement they purportedly seek to enforce.28

22 D.I. 175 at 3.

23 See D.I. 177; D.I. 178.

24 D.I. 179, Ex. G.

25 D.I. 179, Ex. 1; D.I. 180 at Mot.; D.I. 192 at Resp.; D.I. 193 at Br.

26 D.I. 187.

27 D.I. 189.

28 See D.I. 174 at 3 (“Petitioners wish for the settlement documents to reflect Respondent’s 

obligation as life tenant to maintain the property . . . , and to preserve their remedies in the 

event she has committed waste; whereas Respondent will not agree to settlement 

documents with such provisions. Petitioners . . . therefore will not execute settlement 

documents in the form requested by Respondent.”); see also D.I. 180 at Mot. ¶ 15 (“Martha 

Landon has had no interest in the Marvel Property since July 10, 2018. Equity regards that 

as done which in good conscience ought to be done.”).
6

I. My inquiry begins and ends with the text of the 2018 Settlement 

Agreement. Delaware courts encourage negotiated resolutions to contested cases, 

and for that reason, among many others, settlement agreements are enforceable as a 

contract.29 Delaware courts “will not read a contract to render a provision or term 

meaningless or illusory” but will interpret contracts in light of the entire contract, 

giving “each provision and term effect, so as not to render any part of the contract 

mere surplusage . . . . When the contract is clear and unambiguous, we will give 

effect to the plain-meaning of the contract’s terms and provisions.”30

IT IS HEREBY ORDERED this 28th day of August, 2023: 

1. Petitioners have expressed that the 2018 Settlement Agreement 

“appears somewhat simple on its face;”31 insofar as it spans just under three pages, 

I might agree. While the 2018 Settlement Agreement is brief, its interpretation is 

not simple: there are no definitions for material terms; the tense shifts from present 

to future imperative to future real conditional imperative; and there is no timeframe 

or date by which these future events must occur.32 What’s more, its antepenultimate 

29 Schwartz v. Chase, 2010 WL 2601608, at *4 (Del. Ch. Jun. 29, 2010); Asten, Inc. v. 

Wangner Sys. Corp., 1999 WL 803965, at *1 (Del. Ch. Sept. 23, 1999).

30 In re: Shorenstein Hays-Nederlander Theatres LLC Appeals, 213 A.3d 39, 56–57 (Del. 

2019) (internal citations omitted) (quotation marks omitted).

31 D.I. 167.

32 2018 Settlement Agr. ¶ 4. 
7

paragraph indicates that “This Agreement is contingent upon consents . . . ,”33 while 

the ultimate paragraph indicates that “This Agreement shall bind the parties, their 

heirs, agents and assigns.”34 Certainly, the 2018 Settlement Agreement leaves some 

business unfinished. Either the 2018 Settlement Agreement is unenforceable 

because it lacks material terms,35 or it is an agreement to agree. I conclude that the 

2018 Settlement Agreement is an agreement to agree. 

2. “Delaware law has long recognized ‘that parties may make an 

agreement to make a contract . . . if the agreement specifies all the material and 

essential terms including those to be incorporated in the future contract.”36 The 2018 

Settlement Agreement “created an express agreement to negotiate in good faith with 

respect to the details” that remained open. 37 While “the devil is in the details’ with 

many loose ends to finalize,” 38 “parties to such agreements must negotiate the open 

33 Id. ¶ 9.

34 Id. ¶ 12.

35 Hindes v. Wilmington Poetry Soc., 138 A.2d 501, 503 (Del. Ch. 1958) (finding that the 

absence or indefiniteness of material terms generally rendered an agreement 

unenforceable).

36 Cox Commc’ns, Inc. v. T-Mobile US, Inc., 273 A.3d 752, 761 (Del. 2022) (quoting Vale 

v. Atl. Coast & Inland Corp., 99 A.2d 396, 399 (Del. Ch. 1953)).

37 SIGA Techs., Inc. v. PharmAthene, Inc., 67 A.3d 330, 344 (Del. 2013) (quoting VS & A 

Commc’ns Partners, L.P. v. Palmer Broad. Ltd. P’ship, 1992 WL 339377, at *7 (Del. Ch. 

Nov. 16, 1992)).

38 D.I. 167 at 1. 
8

terms in good faith . . . .”39 This type of agreement to agree is not fully binding on 

the open terms yet to be negotiated; but the parties are bound to negotiate those open 

terms in good faith.

40

3. The 2018 Settlement Agreement conditions Martha’s conveyance of 

her lifetime interest on finalization of the parties’ agreement. Paragraph 4 provides, 

“As of the date this Agreement is finalized, Martha will convey her lifetime interest 

in the parcel of property with the address of 14660 Coastal Highway, Milton 

(‘Marvel property’) . . . .”

41

 This language establishes a condition precedent. Where 

the parties have created a condition precedent, the occurrence of that condition is 

necessary to give rise to the other party’s duty to perform; if the condition does not 

occur, the duty never arises.42 Whether the agreement establishes a condition is a 

39 Cox Commc’ns, 273 A.3d at 760–761 (quoting Vale v. Atl. Coast & Inland Corp., 99 

A.2d 396, 399 (Del. Ch. 1953)).

40 SIGA Techs., 67 A.3d at 349.

41 2018 Settlement Agr. ¶ 4. 

42 Richard A. Lord, Williston on Contracts § 38:7 (4th ed. 1993) (“A condition precedent 

is either an act of a party that must be performed or a certain event that must happen before 

a contractual right accrues or a contractual duty arises.” (footnote omitted)); Restatement

(Second) of Contracts § 224 (Am. Law Inst. 1981) (“A condition is an event, not certain to 

occur, which must occur, unless its nonoccurrence is excused, before performance under a 

contract becomes due.”); Summit Invs. II, L.P. v. Sechrist Indus., Inc., 2002 WL 31260989, 

at *7 (Del. Ch. Sept. 20, 2002) (“Conditions are events that must occur before a party 

becomes obligated to perform.”).
9

question of intent to be drawn from the agreement’s plain, unambiguous language.43 

Words and phrases such as “if,” “provided that,” and “on the condition that” 

generally indicate the parties have created a condition.44 The rest of the obligations 

in the Agreement state that a party “will” perform the stated obligation without any 

prefatory phrase like “[a]s of the date this Agreement is finalized.”45 For that clause 

to have meaning, the “Agreement” must be “finalized” for Martha to have the duty 

to convey her life estate in the Marvel Property. 

4. The 2018 Settlement Agreement does not specify what is required for 

“this Agreement [to be] finalized.” It does not define “Agreement.” I believe the 

43 SLMSoft.com, Inc. v. Cross Country Bank, 2003 WL 1769770, at *12 (Del. Super. Apr. 

2, 2003) (“Necessarily, whether a condition is one precedent to performance by the other 

party is divined from the intent of the parties.”); Restatement (Second) of Contracts § 226 

cmt. a. (Am. Law Inst. 1981).

44 SLMSoft.com, 2003 WL 1769770, at *12; ITG Brands, LLC v. Reynolds Am., Inc., 2017 

WL 5903355, at *8 (Del. Ch. Nov. 30, 2017); Sage Software, Inc. v. CA, Inc., 2010 WL 

5121961, at *8 (Del. Ch. Dec. 14, 2010); Kan. City S. v. Grupo TMM, S.A., 2003 WL 

22659332, at *3 (Del. Ch. Nov. 4, 2003); see also Restatement (Second) of Contracts 

§ 226 cmt. a. (Am. Law Inst. 1981) (“No particular form of language is necessary to make 

an event a condition, although such words as ‘on condition that,’ ‘provided that’ and ‘if’ 

are often used for this purpose.”).

45 E.g., 2018 Settlement Agreement ¶ 1 (stating Martha “will retain a lifetime interest in 

the Milford Property,” that “Martha will retain use and enjoyment of the property until her 

death,” and “Martha will continue to pay the home equity loan interest only”); id. ¶ 3 

(stating “Martha will retain lifetime rights to” the billboard property, and “will have the 

right to convey her lifetime interests”); id. ¶ 5 (“Martha shall maintain the properties in 

which she has a life interest (Milford property and billboard property) during her lifetime 

in the same condition as they are in as of July 10, 2018.”); id. ¶ 7 (“Martha waives any 

claim of spousal allowance from the Estate”); id. ¶ 8 (“Martha waives past or future claims 

for funds towards maintenance of the Milford property whether under Ann’s purchase 

money mortgage or otherwise.”).
10

only reasonable interpretation of “Agreement” is the parties’ final agreement, with 

signed releases and consents; it does not make sense to talk about finalizing the 2018 

Settlement Agreement within the 2018 Settlement Agreement.

5. Nor does the 2018 Settlement Agreement explicitly provide what is 

necessary to “finalize” the parties’ agreement. “Delaware courts look to dictionaries 

for assistance in determining the plain meaning of terms which are not defined in a 

contract.”46 The plain meaning of “to finalize” is “to put in final or finished form; 

to give final approval to.”47 Two paragraphs in the 2018 Settlement Agreement 

contemplate additional and final approval. Paragraph 9 contemplates the 

“devis[ing]” and “provid[ing]” of releases: “Martha shall provide complete and 

general releases,” and “[t]he Estate and co-executors will provide reciprocal 

releases. All releases shall be as comprehensive as may be devised so as to prevent 

further litigation on any grounds hereafter regarding the Estate.”48 Paragraph 10 

makes the agreement contingent upon all parties’ approval of the final form of any 

“waivers/releases/consent of the non-party contingent beneficiaries and 

remaindermen.”49 I do not see any other steps in the 2018 Settlement Agreement 

46 Lorillard Tobacco Co. v. Am. Legacy Found., 903 A.2d 728, 738 (Del. 2006).

47Finalize, Merriam-Webster Dictionary, https://www.merriam-webster. com/dictionary/

finalize (last visited August 24, 2023).

48 2018 Settlement Agr. ¶ 9.

49 Id. ¶ 10.
11

that could fairly be construed to be required before the parties’ agreement could be 

characterized as “finalized.” Letters from Magistrate Griffin and the parties to the 

Court echo the parties’ intent to finalize releases.50

6. The parties have been unable to agree on the reciprocal releases

Paragraph 9 requires. Accordingly, their agreement has not been “finalized.” Due 

to the parties’ own inability to satisfy that condition precedent, Martha does not yet 

owe the duty to “convey her lifetime interest” in the Marvel Property. The parties’ 

agreement has not been finalized; so the condition precedent has not been fulfilled; 

and so Martha has not been obliged to convey her lifetime interest in the Marvel 

Property. 

50 D.I. 149 (“The parties will notify the Court once all conditions of the agreement have 

been met . . . .”); see also D.I. 169 at 2 (“[T]he Petitioners view the original agreement as 

incomplete or loosely written and in need of more detail and anticipated that the 

comprehensive releases referenced therein would address such details.”); D.I. 174 at 3 

(“The parties seem to be at impasse with respect to their differences regarding the proposed 

documents necessary to consummate their settlement.”).
12

7. Nor has Martha conveyed that interest by merely agreeing to do so in 

the 2018 Settlement Agreement. Martha contends she has executed a contract for 

the transfer of real property and has thereby already effectively transferred her legal 

interest in the Marvel Property to Petitioners under the doctrine of equitable 

conversion.

51

 Even if Martha correctly understands the general principle of 

equitable conversion, she misapplies it to the 2018 Settlement Agreement: Martha 

agreed to transfer her legal interest only once the releases were finalized, and they 

have not been finalized. The equitable conversion doctrine “does not apply to a 

contract not specifically enforceable due to the existence of a condition precedent.”52 

8. Both motions are DENIED. The parties have not joined issue on any 

of their ancillary disputes in a way that presents them for this Court’s adjudication. 

I must conclude by reinforcing that the 2018 Settlement Agreement is a binding 

agreement to agree. In twenty days, any party seeking to maintain this action shall 

51 “Equitable conversion is, of course, a well-established principle of equity, arising from 

consideration of a will or a contract.” Schmeusser v. Schmeusser, 559 A.2d 1294, 1298 

(Del. 1989). The principle underlying equitable conversion “treats that as done, which in 

good conscience ought to be done.” John Norton Pomeroy, Equity Jurisprudence § 364

(5th ed. 1941) “Delaware generally follows the majority rule that upon signing a real estate 

contract, the purchaser has ‘become in equity the owner of the land and premises, they are 

his to all intents and purposes and, as such, any loss caused to them must be borne by 

him.” Wilmington Sav. Fund Soc. v. Francis, 2008 WL 4409433, at *2 (Del. Super. Ct. 

Mar. 31, 2008). “This doctrine is intended to allocate the risk of loss with respect to the 

property among the parties, between the time the sales contract is entered into and the time 

legal title passes.” R.M. Williams Co. v. Frabizzio, 1990 WL 18399, at *2 (Del. Ch. Feb. 

22, 1990).
13

show cause as to why it should not be dismissed after five years of failing to finalize

the agreement’s releases under Court of Chancery 41(e).

 /s/ Morgan T. Zurn 

 Vice Chancellor 

52 R.M. Williams Co. v. Frabizzio, 1990 WL 18399, at *2 (Del. Ch. Feb. 22, 1990)

(explaining the position of Briz-ler Corp. v. Weiner, 171 A.2d 65 (Del. 1961)); see also 

Marvel v. Ortlip, 3 Del. Ch. 9, 29 (Del. Ch. 1866) (“The rule is not that equity will treat 

the contract as performed from the time it is made, but when according to the tenor thereof, 

it ought to be performed”); John Norton Pomeroy, LL.D., Equity Jurisprudence § 1162

(5

th ed. 1941) (If the instrument “created a trust to sell upon the happening of a specified 

event, which might or might not happen, then the conversion would only take place from 

the time of the happening of that event but would take place when the event happened 

exactly as though there had been an absolute direction to sell at that time.”); Id. § 1163

(“Conversion does not take place at the date of the contract, but at the date when the 

condition is fulfilled which makes the contract effective. Then the interest shifts on the 

happening of that fulfillment.”); Eddington v. Turner, 38 A.2d 738, 739–41 (Del. 1944) 

(requiring a contract to be “mutually obligatory” in order for the doctrine of equitable 

conversion to change “the nature of the property,” and holding equitable conversion based 

on an option takes effect from the exercise of the option, not from the date of the agreement 

by which the option is given); id. at 741 (“It is plain then that the doctrine is that conversion 

does not take place at the date of the contract but at the date when the condition is fulfilled 

which makes the contract effective. Then the interest shifts on the happening of that 

fulfillment.”).