Looking for advice on this situation. JV Partner Taking 60% Profit When Agreement Says 50/50 Help?no cap.
Details: I'm in a situation where I need to understand my legal options. Has anyone dealt with something similar?
Based on what happened to me, most contract disputes settle before trial. The key is having strong documentation of the original agreement and any modifications. Email trails are your best friend.
The UCC governs sale of goods contracts; common law governs services. The rules are different. Make sure you're looking at the right framework for your situation.
In my experience most contract disputes settle before trial. The key is having strong documentation of the original agreement and any modifications. Email trails are your best friend.
Update: Thanks everyone for the guidance. I consulted with an attorney and we're moving forward. The advice here helped me understand what questions to ask and what to expect. Will update when there's a resolution.
Just wanted to add — I went through almost the exact same thing last year. What finally resolved it for me was sending a formal demand letter via certified mail. Once they realized I was serious and had documentation, they settled within 2 weeks.
Three things I wish I knew before my dispute: (1) Save copies of all communications in multiple places, (2) Send important correspondence via certified mail with return receipt, (3) Keep a detailed timeline of events. These three things won my case.