Contracts
Breach of Contract
Partnership
Confidential
Settlement – $80,000Judge
Court
L.A. Superior Van Nuys
Attorneys
Plaintiff
Defendant
Facts
The plaintiff and the defendant were partners in a business under an oral partnership agreement.
They remained in business for nine months, after which the plaintiff withdrew from the business.
The plaintiff sued to recover capital contributions and partnership profits.
Settlement Discussions
The plaintiff submitted a demand of $120,000. The defendant's initial offer was $25,000, which was subsequently raised to $50,000.
Damages
The plaintiff claimed damages for capital contributions and partnership profits.
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