What is the name of your state (only U.S. law)? Georgia
Company A sends Company B a Purchase order and a Contract. Company B sends the deposit for the contract and verbally in an email says they are good with it and asks when the next installment will be. Company B is owned by Member 1 who is going to add (Member 2). Member 2 provided the deposit to Company A to start the contract for Company B.
The initial meeting and agreement was done in person with Company A and Company B (member 1 and future member 2).
After change orders, delays, temporary stops etc…Company A meets with “member 2” and maps out plan to continue. Second installment is not made…..Member 1 and Member 2 both want Company A to continue without being paid the next installment.
Company A demands that Company B make payment plus late fees to continue the build. Member 2 pulls out of the project due to health reasons. Member 2 is Member 1’s only source of funding. Member 2 was never legally added to Company B.
Company A and Member 1 (the owner) of Company B are willing to close out the contract with the understanding that the deposit is forfeit. Member 2 (who was never legally added to Company B) does not want to sign a release.
Does Member 2 have any claim against Company A?
Am I correct in believing that Company A and Member 1 of Company B can close out the contract regardless of Member 2’s feelings or position? The contract was between the companies and not individuals.
Company A sends Company B a Purchase order and a Contract. Company B sends the deposit for the contract and verbally in an email says they are good with it and asks when the next installment will be. Company B is owned by Member 1 who is going to add (Member 2). Member 2 provided the deposit to Company A to start the contract for Company B.
The initial meeting and agreement was done in person with Company A and Company B (member 1 and future member 2).
After change orders, delays, temporary stops etc…Company A meets with “member 2” and maps out plan to continue. Second installment is not made…..Member 1 and Member 2 both want Company A to continue without being paid the next installment.
Company A demands that Company B make payment plus late fees to continue the build. Member 2 pulls out of the project due to health reasons. Member 2 is Member 1’s only source of funding. Member 2 was never legally added to Company B.
Company A and Member 1 (the owner) of Company B are willing to close out the contract with the understanding that the deposit is forfeit. Member 2 (who was never legally added to Company B) does not want to sign a release.
Does Member 2 have any claim against Company A?
Am I correct in believing that Company A and Member 1 of Company B can close out the contract regardless of Member 2’s feelings or position? The contract was between the companies and not individuals.