Business Law

Ask a business lLawyer. Get business law questions answered ASAP.

Ask a Lawyer,
Get an Answer ASAP!

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

Customer Question
I have an investment...

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?

Lawyer's Assistant: What state are you in? And have you consulted a local attorney?

North Carolina. Reached out to a few but they are taking their time to respond.

Lawyer's Assistant: Has anything been officially filed? If so, what?

No

Submitted: 9 months ago.Category: Business Law
Show More
Show Less
Ask Your Own Business Law Question
Answered in 5 minutes by:
9/5/2017
Business Lawyer: Roy Hadavi,
 replied 9 months ago
Roy Hadavi
Category: Business Law
Satisfied Customers: 1,293
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.

Ask Your Own Business Law Question
Business Lawyer: Roy Hadavi,
 replied 9 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!

Ask Your Own Business Law Question
Customer reply replied 9 months ago
What are your fees to take a look at a case like this?
Business Lawyer: Roy Hadavi,
 replied 9 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.

Ask Your Own Business Law Question
Business Lawyer: Roy Hadavi,
 replied 9 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.

Ask Your Own Business Law Question
Was this answer helpful?

How JustAnswer works

step-image
Describe your issueThe assistant will guide you
step-image
Chat 1:1 with a business lawyerLicensed Experts are available 24/7
step-image
100% satisfaction guaranteeGet all the answers you need
Ask Roy Hadavi Your Own Question
Roy Hadavi
Roy Hadavi
Roy Hadavi
Category: Business Law
Satisfied Customers: 1,293
1,293 Satisfied Customers
Experience: Attorney at Law Offices of Rosenstein & Associates

Roy Hadavi is online now

A new question is answered every 9 seconds

How JustAnswer works:

  • Ask an ExpertExperts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional AnswerVia email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction GuaranteeRate the answer you receive.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

Mr. Kaplun clearly had an exceptional understanding of the issue and was able to explain it concisely. I would recommend JustAnswer to anyone. Great service that lives up to its promises!

Gary B.Edmond, OK

My Expert was fast and seemed to have the answer to my taser question at the tips of her fingers. Communication was excellent. I left feeling confident in her answer.

EricRedwood City, CA

I am very pleased with JustAnswer as a place to go for divorce or criminal law knowledge and insight.

MichaelWichita, KS

PaulMJD helped me with questions I had regarding an urgent legal matter. His answers were excellent.

Three H.Houston, TX

Anne was extremely helpful. Her information put me in the right direction for action that kept me legal, possible saving me a ton of money in the future. Thank you again, Anne!!

ElaineAtlanta, GA

It worked great. I had the facts and I presented them to my ex-landlord and she folded and returned my deposit. The 50 bucks I spent with you solved my problem.

TonyApopka, FL

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

< Previous | Next >

Meet the Experts:

Infolawyer

Infolawyer

Attorney

1,851 satisfied customers

Experienced lawyer

Dimitry K., Esq.

Dimitry K., Esq.

Attorney

1,611 satisfied customers

Run my own successful business/contract law practice.

MShore Law

MShore Law

Attorney

1,233 satisfied customers

Drafted Negotiated and/or Reviewed Thousands of Commercial Agreements

RGMacEsq

RGMacEsq

Attorney

751 satisfied customers

Licensed Texas General Practice Attorney

Barrister

Barrister

Attorney

646 satisfied customers

17 years practicing attorney, JD, BA, MBA

Ely

Ely

Attorney

577 satisfied customers

Counselor at Law.

J.Hazelbaker

J.Hazelbaker

Attorney

393 satisfied customers

Experienced and trained in the area of business law.

< Previous | Next >

Related Business Law Questions
I have HW questions about Business Law, Reality of consent
I have HW questions about Business Law, Reality of consent… read more
lwpat
lwpat
Doctoral Degree
256 satisfied customers
I have a contract promising to pay a return-on-investment.
I have a contract promising to pay a return-on-investment. It appears the other party is planning to default. Would like some advice.… read more
MDLaw
MDLaw
Attorney
Post-Doctoral Degree
358 satisfied customers
I'm currently investing in a project, after performing my
I'm currently investing in a project, after performing my due diligence, it has come back that one of the principles has 2 tax liens and a civil judgement. If I invest in this project, is it possible … read more
Attorney Wendy
Attorney Wendy
Member
Juris Doctorate
957 satisfied customers
The buyer wants to back out after the business sale contract
The buyer wants to back out after the business sale contract (of a Childcare Center) signed off, and we're still on day #3 of the 21-day transition period. He cited I misrepresentation of data, withho… read more
Infolawyer
Infolawyer
Attorney
Doctoral Degree
1,851 satisfied customers
I have some question about business franchise contract? CA.
hi, i have some question about business franchise contract ? … read more
DanLegal
DanLegal
Law Partner
Juris Doctor
540 satisfied customers
Small business service provider that contracts with local
Small business service provider that contracts with local business (client) and that party fails to pay for service's how can that company place a lien on clients business what are the legal steps?… read more
Asad Rahman
Asad Rahman
Attorney
J.D.
2,465 satisfied customers
How can I describe in a contract the following investment ?:
How can I describe in a contract the following investment ?: the investor gives us money to rent , furnish and design and market apartments for short term rent. (We have already been doing that succes… read more
Attorney Wendy
Attorney Wendy
Member
Juris Doctorate
957 satisfied customers
I have a software business and I have people sign contracts.
I have a software business and I have people sign contracts. Is it legal to update the terms and agreements without requiring a signature? If I update the terms and conditions of the contract, can my … read more
Thelawman2
Thelawman2
Doctoral Degree
1,420 satisfied customers
I'm founding a startup that will need investment soon, Is it
I'm founding a startup that will need investment soon, Is it recommended to incorporate it in my home state (NC) or in any other state (e.g. Delaware)?… read more
DamienJD
DamienJD
Attorney
Doctoral Degree
4,799 satisfied customers
I signed an agreement of investment ownership using "doing
I signed an agreement of investment ownership using "doing business as/dba" my name "dba" is my LLC. The LLC has 3 members and I am the managing officer of this LLC. I have filed a case in Washington … read more
Attorney Wendy
Attorney Wendy
Member
Juris Doctorate
957 satisfied customers
I'm investing as a one of a small group of private lenders
I'm investing as a one of a small group of private lenders put together by this private money service. The loan amount borrower asks is 70% LTAV interest is 11.5% for 24 months. It has a description o… read more
Richard - Bizlaw
Richard - Bizlaw
Juris Doctor
3,761 satisfied customers
I have made a business contract in Saudi Arabia with a
I have made a business contract in Saudi Arabia with a Syrain business man living in Saudi Arabia ���� for his business located in USA ����. How can I make this contract proved and legal by the US aut… read more
DamienJD
DamienJD
Attorney
Doctoral Degree
4,799 satisfied customers
BUSINESS LAW - When is a contract breached?. If you have a
BUSINESS LAW - When is a contract breached? . If you have a contract that states, BIZ A will fix the hole in your roof on March 15 . On March 14, BIZ A calls to cancel the contract . 2 hours later, On… read more
Olivia Kent
Olivia Kent
Managing Partner
Doctoral Degree
3,545 satisfied customers
We have a business where my husband signed a contract
We have a business where my husband signed a contract selling 60% of it. In this contract states that My husband - The assignor - has developed and possess trade secrets and confidential information (… read more
Ray
Ray
Lawyer
Doctoral Degree
32,993 satisfied customers
If a business owner has two businesses: business A and
If a business owner has two businesses: business A and business B. He is trying to take some profit from A to: ***** ***** B as well as paying some personal purchase. What this business owner should d… read more
Lori
Lori
Juris Doctor
1,569 satisfied customers
I entered into a contract with a business to act as a
Hello. I entered into a contract with a business to act as a fiduciary, PR and marketing for my start up. From the beginning, the woman said she would spend money as if it were her own, and she would … read more
LegalGems
LegalGems
Juris Doctorate
12,263 satisfied customers
I will be investing to a company. I will buy newly issued
I will be investing to a company. I will buy newly issued shares and the company will use the money I invest to increase its equity. After 1 year, I want to have an option to sell my shares with some … read more
WiseOwl58
WiseOwl58
JD Honors Graduate
4,165 satisfied customers
My son invested money in a small business that he also works
Hi, my son invested money in a small business that he also works for and is leaving the company. The owner has agreed to repay the investment plus interest. We feel there needs to be a legal document … read more
PaulmoJD
PaulmoJD
Attorney At Law
Doctoral Degree
106 satisfied customers

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).

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).

Show MoreShow Less

Ask Your Question

x