QLD Small Resteraunt Buisness - Legal Options?

Discussion in 'Commercial Law Forum' started by jarrod Edwards, 4 December 2018.

  1. jarrod Edwards

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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"
     
  2. Rob Legat - SBPL

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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.
     
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  3. Rod

    Rod Well-Known Member
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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.
     
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  4. Tim W

    Tim W Lawyer
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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.
     
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