Legal Question in Business Law in Massachusetts
I had a show back in february of 2009. My cousin invested 20,000 dollars whom we both have a contract stating that she would receive 20k plus 10 k if we made our projected dollar amount. I have proof out expense cost more that projected and no profit was made. Now she is sueing me for 30k. Is there any laws that state and investor takes some form of responsibility for a loss?
4 Answers from Attorneys
It sounds like you and your cousin had a contract, and that she is suing you for breach of contract. If you want to talk about a defense, contact me at: 617-230-2779, or by email at [email protected]
I agree with attorney Jacobson that the terms of your dispute are largely governed by your written agreement. If you would like, gather your paperwork and contract and schedule an appointment with my office. If you have received a complaint, you only have 20 days to answer. Good luck!
Your question is unclear.
The investment agreement should cover the terms. Hopefully it was a written agreement.
Everyone has a right to sue, but to win is another question.
If you broke the terms of the agreement, you have a problem.
Call me with any questions at 978-749-3606.
Retain an attorney to review the contract and all related correspondence and to file an appropriate and timely answer to any court complaint that has been served on you. Good Luck!
Related Questions & Answers
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
