QLD Small Resteraunt Buisness - Legal Options?

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4 December 2018
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Hi there,

I have a bit of a situation. I invested into a Resteraunt in Vancouver Canada when I was living there. Before we opened, via text, I was told before all else my investment would be paid back.

I was there through the whole process of opening the shop. Sourcing and building inside out. I just need to know if I have a leg to stand on if I am to proceed in getting my investment back. Below is the conversation in which I was told it would be paid back. Via facebook chat. If this is legal binding please let me know.


"Got ya
For the first 6 months all profit will
stay in the bank
We can pay ouselves management
fees based on hours worked
But we really want to try and be as
frugal as possible
After 6 months we will start to pay
initial investments back"

"Ok cool"

"Hopefully all can be paid baclk
within the first year
Then moving forward it print money
time"

"And will this be your main focus?"

"This is my main focus"

"I won't move on to anything else
until this is up running and bullet
proof
I didn't know that other guy was
involved in tacofino"

"That was nice to learn hah"
 

Rob Legat - SBPL

Lawyer
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16 February 2017
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You'll most probably need to speak to a lawyer in Canada. There's certainly not enough to go off in your post.
 

Rod

Lawyer
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27 May 2014
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I agree with @Rob Legat - SBPL . At first glance the text you posted appears to be goal rather than an agreement, but there's obviously more elsewhere, and I have no idea how the justice system in Canada would interpret the text.
 

Tim W

Lawyer
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28 April 2014
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I also agree.
This is a question for lawyers in Canada.
You can instruct them from outside Canada, no problem,
although they may need some solid reassurance that you can (and will) actually pay them.