Contract Dispute Erupts Over Ownership Claims Of Venue
On behalf of The Law Office of Lynnette Ariathurai, A Professional Corporation posted in Contract Disputes on Thursday, November 13, 2014.
There is usually more than one side to a story. In business, this is often the case in California or in any other state. Two businessmen are now finding this out as they are looking to battle it out in court over a business contract dispute.
The issue revolves around an agreement with the owner of Dunlap Ventures LLC to purchase half of the Go Go Cabaret for a sum of $100,000. A man claiming to be the owner of Go Go Cabaret told the owner of Dunlap Ventures LLC that he had the legal right to sell half of the ownership interest in the venue, which was owned by Triple G Investment Inc. However, it turns out that the purported owner of Triple G was not the actual owner of Triple G.
This is the basis of the lawsuit filed by Dunlap Ventures against the purported owner of Triple G. The plaintiff also alleges that Go Go Cabaret and Triple G were both canceled corporations. The legal complaint filed with the court alleges that the contract to sell the venue had false information intended on defrauding Dunlap Ventures.
On the other hand, the defendant denies the allegations against him. The defendant stated that he had legitimately sold the venue to the plaintiff, but the plaintiff failed in making the company profitable. Go Go Cabaret has since closed its doors. The lawsuit is asking the court to order the defendant to pay for damages in excess of $25,000.
Both sides will have a chance to present their version of the story. Just like any other breach of contract case in California or any other state, a judge will ultimately decide how to settle the business contract dispute. The judge will base his or her decision on the legal arguments and evidence presented by both sides.
Source: vindy.com, "Struthers man suing hotel owner for breach of contract, fraud", Nov. 7, 2014