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Lack of agreed-upon payments leads to dispute, lawsuit

One of the most critical aspects of any business relationship is a contract that clarifies the nature of the relationship, who is responsible for what and under what conditions the agreement may be voided. For many companies in California, articulating the details of such transactions is critical in protecting the relationship, as well as keeping confidential information about intellectual assets private and secure. 

In a recent story out of Sitka, Alaska, a Sitka Assembly member is under fire and embroiled in a lawsuit with a well-known businessman in a dispute that has captured the attention of many. The lawsuit claims that in the initial contract, it is said that the defendant promised to pay consistent payments in cash to use the buildings he operated his business in that were owned by the plaintiff. Additionally, he agreed to transfer 10 percent of the stock from his company to the plaintiff. 

When the defendant allegedly failed to uphold his promises, the plaintiff filed a lawsuit demanding that the defendant repay his dues. It is currently unknown what the outcome of the lawsuit is. The defendant is running for a spot as the mayor of Sitka. 

If people are involved in a business dispute where they are confident that the terms of their contract have been breached, they may wish to enlist the help of an attorney to put together a case against the other party. A legal professional understands how to read contracts and can help establish reason in the process of creating a case. 

Source: U.S. News, "Sitka Assembly Member Sued Over Marijuana Business Dispute," Oct. 2, 2018

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