In business partnerships, verbal agreements are insufficient for legal protection; all partners must sign a written, dated contract that clearly outlines business plans, financial contributions, and responsibilities to prevent disputes and ensure enforceability.
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Judge Judy Part 2 #foryou #fHinzugefügt:
with Marsha for the restaurant business.
I have been doing catering with her for the last 4 years.
>> you were saying, what you're saying is you were going to be using his facility to cater, send out food. Yes, ma'am. And it was also going to be the restaurant business also, just not just the catering.
>> Well, how were you going to divide up with him? Was he going to remain in the business? That's originally what we thought was going to happen. He was going to be in the business. He had a hookah bar. He had um Can I speak, Your Honor? Our original plan was to have a catering I had a catering business. I was looking to expand it and have a big kitchen. But once we got there and seen his big restaurant he has a patio, all the equipment that he have, and then what he put on paper that what we could do as partners, we thought, "Oh, wow, this is awesome. Let's go into partnership and have a full-fledged restaurant. Okay, this is what we need to do. This is what we need to buy." So then that's when he starts saying, "Well, I need this amount of money."
>> Well, where is the contract?
>> This was our mutual agreement.
Is it signed by all of you? It is signed.
There's no date on this agreement.
>> No, ma'am, but he met with his attorney and his attorney sent us a contract.
>> Well, I'd like to see it.
>> And that was not signed either, but that was the original what we had talked about doing.
>> Well, if this is what you talked about, it's undated. Yes, ma'am, because we just talked about it. It was all >> Final documents of partnership will be drawn by an attorney. Because this certainly, whoever
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