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I have an investment contract with a local business. I was

Customer Question
suppose to get 30% of...
I have an investment contract with a local business. I was suppose to get 30% of profits monthly. They have defaulted on the agreement. What can I do?
JA: What state are you in? And have you consulted a local attorney?
Customer: North Carolina. Reached out to a few but they are taking their time to respond.
JA: Has anything been officially filed? If so, what?
Customer: No
JA: Anything else you want the lawyer to know before I connect you?
Customer: No
Submitted: 3 months ago.Category: Business Law
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Answered in 5 minutes by:
9/5/2017
Business Lawyer: Roy Hadavi,
 replied 3 months ago
Roy Hadavi
Category: Business Law
Satisfied Customers: 983
Experience: Attorney at Law Offices of Rosenstein & Associates
Verified

Hi. My name is ***** ***** I am a licensed attorney. I would be happy to provide assistance. Please give me a moment to formulate a response. Also, please keep in mind that our conversation does not include an attorney-client relationship and this is for general information purposes only.

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Business Lawyer: Roy Hadavi,
 replied 3 months ago

When a party breaches a contract, the first step is to review the contract and see if there are any provisions for a remedy against the breaching party. Once that has been determined, the next step is to prepare a demand letter to the breaching party for damages from the breach. If the other party does not comply with the demand letter, the non-breaching party would need to pursue a civil suit against the breaching party for the damages.

Thank you so much for allowing me to help you with your question. I have done my best to provide information which fully addresses your question. If you have any follow-up or clarification questions, please ask! There is no additional fee. If I have fully answered your question(s) to your satisfaction, I would appreciate you rating my service (hopefully Excellent/5 stars!). Otherwise, I receive no credit for assisting you today. I thank you in advance for taking the time to provide me a positive rating!

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Customer reply replied 3 months ago
What are your fees to take a look at a case like this?
Business Lawyer: Roy Hadavi,
 replied 3 months ago

I am sorry. Unfortunately, the JustAnswer terms of service prohibit me from being retained as an attorney.

However, a good attorney should be willing to meet with you for an initial consultation to review the case at no charge.

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Business Lawyer: Roy Hadavi,
 replied 2 months ago

Did you have any follow-up questions or need me to clarify anything? If not, please do not forget to rate my services at the top of the page (hopefully 5 stars), otherwise I get no credit for helping you today.

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Roy Hadavi
Roy Hadavi
Roy Hadavi
Category: Business Law
Satisfied Customers: 983
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DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

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