L
lunafate
Guest
What is the name of your state? In florida, broward county-
Background: My husband's company opened 1 year ago with 3 partners. One of the partners (DJ) had a friend design a logo for the company. He told the other two that the friend was doing this for free.
Since that point in time, DJ has been bought out of the company with a contract stating:
"there will, at closing, be no judgement, claims or other actions, liens, encumbrances, security interests, writs, attachments, executions or proceedings pending against the seller which could affect the seller's title to the stock in HFH to be conveyed here in to buyer"
Today, the person who designed the logo found the company website and called my husband, claiming that the company could not use the logo as it was not paid for.
In the past year, this logo has been placed on tshirts, advertisments, is in the yellow pages, etc.; because of this it would be very damaging and costly to have to change the logo.
Questions:
-Do the current partners have to pay for the logo?
-Does a verbal agreement between DJ and the artist come into
play?
-Is DJ responsible for payment on the logo since he told the other
2 partners that there would be no cost incurred?
-Is this covered under the clause in the contract?
Any help is greatly appreciated!
Background: My husband's company opened 1 year ago with 3 partners. One of the partners (DJ) had a friend design a logo for the company. He told the other two that the friend was doing this for free.
Since that point in time, DJ has been bought out of the company with a contract stating:
"there will, at closing, be no judgement, claims or other actions, liens, encumbrances, security interests, writs, attachments, executions or proceedings pending against the seller which could affect the seller's title to the stock in HFH to be conveyed here in to buyer"
Today, the person who designed the logo found the company website and called my husband, claiming that the company could not use the logo as it was not paid for.
In the past year, this logo has been placed on tshirts, advertisments, is in the yellow pages, etc.; because of this it would be very damaging and costly to have to change the logo.
Questions:
-Do the current partners have to pay for the logo?
-Does a verbal agreement between DJ and the artist come into
play?
-Is DJ responsible for payment on the logo since he told the other
2 partners that there would be no cost incurred?
-Is this covered under the clause in the contract?
Any help is greatly appreciated!
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