quietbutloud
Junior Member
What is the name of your state (Tennessee)?
I had a verbal agreement (I know bad) with a another guy. We wanted to throw a nightlife event in the club. The agreement was 50%. I put up an X amount of money. In the 4 Digits ($x,xxx) .. The other guy put up $0
The agreement was I take 50% of the cut, AFTER I recoup from the night.
We had scheduled meetings and I was lied to about the time. He went to the meetings and I didn't go. Once everything was finally finalized with dates & times with the venue, the guy immediately told me he didn't want me apart of the company and that I'm only getting 10%.
I have all the txt messages from him from beginning of the partnership to our current issue now.
As the investor, i'm looking to submit a Cease & Desist on the event because of the breach of verbal agreement. I did not take up all the risks to agree to 10%. Plus, I do not believe he would actually give me the money since he has already broken his word the first time.
Is this the correct path to take?
I had a verbal agreement (I know bad) with a another guy. We wanted to throw a nightlife event in the club. The agreement was 50%. I put up an X amount of money. In the 4 Digits ($x,xxx) .. The other guy put up $0
The agreement was I take 50% of the cut, AFTER I recoup from the night.
We had scheduled meetings and I was lied to about the time. He went to the meetings and I didn't go. Once everything was finally finalized with dates & times with the venue, the guy immediately told me he didn't want me apart of the company and that I'm only getting 10%.
I have all the txt messages from him from beginning of the partnership to our current issue now.
As the investor, i'm looking to submit a Cease & Desist on the event because of the breach of verbal agreement. I did not take up all the risks to agree to 10%. Plus, I do not believe he would actually give me the money since he has already broken his word the first time.
Is this the correct path to take?