Morrill Mahan, Appellant v. Jessica Mahan, Appellee

Summary

The Alaska Supreme Court affirmed the interpretation of the dissolution agreement's fishing-business provision. It held that, in context and in light of the parties' reasonable expectations, "profits" meant cannery payments less fuel, dues, and other advancements, rather than net profits after all business expenses. The court also rejected or declined to reach the husband's partnership and modification arguments because the partnership argument was waived and the agreement was being interpreted, not modified.