Legal

Ask a lawyer and get answers to your legal questions

Ask a Lawyer,
Get an Answer ASAP!

This answer was rated:

I have a friend of mine who is an attorney. He owns a

Hello,I have a friend of...
Hello,I have a friend of mine who is an attorney. He owns a variety of vanity phone numbers that spell out different things. Some of the numbers are only valuable if purchased outright to control an entire national market coast to coast.Q-He told me that if I am able to sell any of his vanityphone numbers at his asking price that he would pay me 50% of the proceeds.Example phone number is ***** for $1,000,000 I am supposed to receive $500,000 of the proceeds. Find a buyer for a vanity phone number is ***** so simple.The fact that he is a long time friend and an attorney gives me a moment to pause and think of what would be the best yet benign way formalize our agreement? He is suggesting a confirming e-mail? I think something more formal may be needed with a signature, date and the listing of the vanity phone numbers approved etc.What do you suggest or am I over thinking it. When it comes to money I think a written agreement makes everything clear etc. Can you provide a brief paragraph summarizing the above mentioned points?Thanks
Show More
Show Less
Ask Your Own Legal Question
Answered in 4 minutes by:
10/22/2017
Law Educator, Esq.
Category: Legal
Satisfied Customers: 125,320
Experience: JA Mentor -Attorney Labor/employment, corporate, sports law, admiralty/maritime and civil rights law
Verified

Thank you for your question. I look forward to working with you to provide you the information you are seeking for educational purposes only.

Ask Your Own Legal Question
Customer reply replied 8 months ago
Ok is the answer to follow?

As an attorney he knows emails can be binding, but they are not as widely accepted by the court as an actual signed contract, so he is giving himself an out if he wants to avoid paying you as it is not a signed agreement. I would indeed insist on a signed contractual agreement specifying your percentage of payment and how many days from the sale it would be due to you and what the penalty would be for non-payment.

Please do not forget to leave positive feedback by clicking on the 5 stars at the top of your page, as the experts are not employees of the site and get no credit for spending time with customers unless they leave positive feedback. Thank you.

Ask Your Own Legal Question
Customer reply replied 8 months ago
Do you have a suggested paragraph?

Thank you for your reply.

Because I do not have the details of your deal, if you read what I typed above I told you what needs to be included in the paragraph, but I cannot write the paragraph for you. The paragraph would specify your percentage of payment and how many days from the sale it would be due to you and what the penalty would be for non-payment.

Ask Your Own Legal Question
Customer reply replied 8 months ago
The deal is this for any vanity phone number I sell payment is to be 50%. I am seeking to put together something which is sufficient yet not offensive to our friendship, also I think it is important to memorialize. the terms conditions and payments in case a deal closes and something happens illness change of mind when money is involved etc.

Thank you for your reply.

This agreement is entered into between your name and your friend's name on X date. The parties recite the following. Your friend has vanity phone numbers to sell and has agreed to pay your name 50% of any profit of any phone number your name sells for your friend's name. Payment to your name shall be due in 30 days from the sale of the number. Failure to make payment shall allow the non-breaching party to pursue legal action for damages, including attorney's fees and costs, for breaching this agreement. This agreement may be terminated by written notice by either party given 10 days prior to termination of the agreement, but shall not terminate any sale of any number already in progress or with any customer already contacted for purchase of a number and your name would continue to be entitled to their 50% share on any of those sales.

Please do not forget to leave positive feedback by clicking on the 5 stars at the top of your page, as the experts are not employees of the site and get no credit for spending time with customers unless they leave positive feedback. Thank you.

Law Educator, Esq.
Category: Legal
Satisfied Customers: 125,320
Experience: JA Mentor -Attorney Labor/employment, corporate, sports law, admiralty/maritime and civil rights law
Verified
Law Educator, Esq. and 87 other Legal Specialists are ready to help you
Ask your own question now
Was this answer helpful?

How JustAnswer works

step-image
Describe your issueThe assistant will guide you
step-image
Chat 1:1 with a lawyerLicensed Experts are available 24/7
step-image
100% satisfaction guaranteeGet all the answers you need
Ask Law Educator, Esq. Your Own Question
Law Educator, Esq.
Law Educator, Esq.
Law Educator, Esq., Attorney
Category: Legal
Satisfied Customers: 125,320
125,320 Satisfied Customers
Experience: JA Mentor -Attorney Labor/employment, corporate, sports law, admiralty/maritime and civil rights law

Law Educator, Esq. 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

Not only did he answer my Michigan divorce question but was also able to help me out with it, too. I have since won my legal case on this matter and thank you so much for it.

LeeMichigan

< Previous | Next >

Meet the Experts:

Ely

Ely

Counselor at Law

24,657 satisfied customers

Private practice with focus on family, criminal, PI, consumer protection, and business consultation.

INFOLAWYER

INFOLAWYER

Attorney

22,408 satisfied customers

Licensed attorney helping individuals and businesses

JPEsq

JPEsq

Attorney

2,132 satisfied customers

Experience as general attorney, in house counsel, SSDI, Family Law attorney, and law professor

Law Educator, Esq.

Law Educator, Esq.

Attorney

125,320 satisfied customers

JA Mentor -Attorney Labor/employment, corporate, sports law, admiralty/maritime and civil rights law

Ellen

Ellen

Lawyer, Consultant

8,238 satisfied customers

25 years of experience helping people like you.

Guillermo Senmartin

Guillermo Senmartin

Lawyer

300 satisfied customers

Principal Attorney at Guillermo J. Senmartin, P.A.

Dimitry K., Esq.

Dimitry K., Esq.

Attorney

17,183 satisfied customers

Multiple jurisdictions, specialize in business/contract disputes, estate creation and administration.

< Previous | Next >

Related Legal Questions
General construction contractor contract, If the contract
General construction contractor contract, If the contract signed for date of completion of project is overdue, is that breach of contract? And what are the steps to and result of subsequent litigation… read more
Bill Attorney
Bill Attorney
law
2,462 satisfied customers
General construction contractor contract,If the contract
Second opinion] General construction contractor contract,If the contract signed for date of completion of project is overdue, is that breach of contract?And what are the steps to and result of subsequ… read more
INFOLAWYER
INFOLAWYER
Attorney
Doctoral Degree
22,408 satisfied customers
I am writing an employee handbook. Each employee receives 15
I am writing an employee handbook. Each employee receives 15 Paid vacation days a year. This is accumulative but can be used in advance. If the employee quits or is terminated, can I charge for any va… read more
Legal Eagle
Legal Eagle
Attorney
Doctoral Degree
12,349 satisfied customers
I signed a contract to purchase of. Purchase an RV. Contract
purchase an RV. Contract have a no cool of clause. I am in Florida. Found an RV at a lesser price. Can they force me to buy it. … read more
Olivia Kent
Olivia Kent
Managing Partner
Doctoral Degree
3,609 satisfied customers
On a funeral contract can a non contracting party request a
on a funeral contract can a non contracting party request a copy of funeral goods and services … read more
INFOLAWYER
INFOLAWYER
Attorney
Doctoral Degree
22,408 satisfied customers
I am a contract employee of a contract company with a
I am a contract employee of a contract company with a government contract. I have concerns about how several positions on this contract have been "appointed" and not posted for all of us to apply for.… read more
Legal Eagle
Legal Eagle
Attorney
Doctoral Degree
12,349 satisfied customers
Contracted' (no written contract - just online) with a
39;Contracted' (no written contract - just online) with a company (AA Motorcycle Transport) to ship a cycle from FL to NM. They advertise 'door-to-door'. That's false right there - we would have to ge… read more
INFOLAWYER
INFOLAWYER
Attorney
Doctoral Degree
22,408 satisfied customers
I am H1B employee. I have a contract with a company which is
I am H1B employee. I have a contract with a company which is located in Florida.I am joining another company in MD. I want to consult about whether there is a clause of liquidated damages in my contra… read more
Bill Attorney
Bill Attorney
law
2,462 satisfied customers
A former employee signed a contract with a cleaning company.
A former employee signed a contract with a cleaning company. They are not performing to our satisfaction and we are terminating then. … read more
Legal Eagle
Legal Eagle
Attorney
Doctoral Degree
12,349 satisfied customers
As a Temporary employee (13 week contract, plus two
As a Temporary employee (13 week contract, plus two extensions), my question is the contract. The contract says that callback pay is 1.5 wage for 2 hours when called in to work. My agency paid 1 hour … read more
Legal Eagle
Legal Eagle
Attorney
Doctoral Degree
12,349 satisfied customers
ONE YEAR CONTRACT AS EMPLOYEE WORK FOR CONTRACTS THAT ARE
ONE YEAR CONTRACT AS EMPLOYEE WORK FOR CONTRACTS THAT ARE SIGNED FOR YEARLY IN KENYA … read more
Law Educator, Esq.
Law Educator, Esq.
Attorney
125,320 satisfied customers
I am a contract employee at a nursing facility. I provide
I am a contract employee at a nursing facility. I provide hair care for residents. Is there a time frame from which i should be paid for my services? I have yet to be paid for work performed in Decemb… read more
Legal Eagle
Legal Eagle
Attorney
Doctoral Degree
12,349 satisfied customers
I have signed a contract employee agreement that contains
I have signed a contract employee agreement that contains Non-Complete covenants. I need help understanding the limits of these covenants and whether or not a business venture I am considering may be … read more
Gerald, Esq
Gerald, Esq
Juris Doctor
3,906 satisfied customers
Can I legally write a contract for my employee that states,
Can I legally write a contract for my employee that states, any paid company courses must be only used to benefit our company. Basically you cannot use anything we pay for outside the company for a ce… read more
Dwayne B.
Dwayne B.
Juris Doctor
28,766 satisfied customers
I'm a contract employee but on the website as sales
Hi Pearl I'm a contract employee but on the website as sales director, and am supposed to participate in meetings. Can I refuse the meetings if I'm a contract worker? … read more
DamienJD
DamienJD
Attorney
Doctoral Degree
4,857 satisfied customers
Is an employee handbook a contract in Oklahoma? I am not
I am not sure to say "at will" since I don't understand what that means; however, I was full-time. Is this something that yu are asking me to kook up in the employee handbook? … read more
Legal Eagle
Legal Eagle
Attorney
Doctoral Degree
12,349 satisfied customers
I worked as a contract employee (GRA inc) for about a year
I worked as a contract employee (GRA inc) for about a year and a half. And our contract was with the Defense Health Agency. So basically I'm a contractor working for a federal government agency. I und… read more
Legal Eagle
Legal Eagle
Attorney
Doctoral Degree
12,349 satisfied customers
I am a 1099 contract employee living on NC. I am contracted
I am a 1099 contract employee living on NC. I am contracted with a publishing company headquartered in Chicago. There are a lot of issues with this company. However, the most recent has caused me some… read more
Legal Eagle
Legal Eagle
Attorney
Doctoral Degree
12,349 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