I have a small website forum that I am operating under an LLC (called planet5D forum LLC) - i originally purchased the content of the website from another site under a contract
that is pretty generic with some special clauses we agreed to.
One of the clauses was this:
PLANET5D FORUM LLC agrees to retain Clayton Burkhart (Chief Moderator) for a period of one year from February 25, 2013
I have been paying this person 500 Euros each month as he was being paid by the previous owner of the site. However, income is not coming in like I would like and I have told this individual that starting in a month I would only be able to pay 1/2 what he was getting before.
The way I read the contract, technically I do not have to pay him anything since no amounts were included - but I do have to have him listed as Chief Moderator until the end of the year (from Feb 25, 2013).
He is arguing with me that I have to pay him 500 Euros monthly.
Who is right? The question is what does "retain" mean I guess... does that mean pay? and does that mean I have to pay what he was getting before the contract began?