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Equity Dispute Legal Insights
Summary
In Ontario, without a formal partnership agreement, claiming future brand value is challenging if one party is inactive and locked out due to breaches. Courts often focus on the dissolution date value and contributions post-dissolution. Proven breaches significantly weaken their position, making it difficult to claim future valuation. Declining an unreasonably high buyout could be a reasonable risk, maximizing profits given their inactivity. Consulting a local lawyer for personalized advice is recommended.Full Conversation
There is no partnership agreement and how strong is their case on scale of *-* and can they sue for *% of cureent value of brand a year from now or only post dissolution date given i would have locked them out and would only be investing my money and not theirs
It sounds like a complex situation. Without a partnership agreement, the strength of their case depends heavily on the specifics of your interactions and contributions. Generally:
- They may have a claim to equity based on initial gifting.
- Post-dissolution claims depend on actions and any informal agreements.
- Consult a local lawyer for personalized advice.
Would you like assistance connecting with local lawyers?
- They may have a claim to equity based on initial gifting.
- Post-dissolution claims depend on actions and any informal agreements.
- Consult a local lawyer for personalized advice.
Would you like assistance connecting with local lawyers?
What can they realistically do on a scale of *-*
In this situation, without a partnership agreement and given their breaches, their case might be weaker. Realistically, on a scale of *-*, the strength of their case could be around *-*, but consulting a local lawyer would provide more precise insight. Would you like assistance in connecting with local lawyers for further advice?
If they sue a year from now can they sue for *% of currrent brand value then or only dissolution date if they have no involvement or future investments in the brand because i locked them out of instagram due to their breaches
Case Rating: *
In Ontario, without a formal partnership agreement, it's complex. They might struggle to claim *% of the brand's future value post-dissolution, especially if inactive and locked out due to their breaches. Courts may consider contributions and actions post-dissolution. Consulting a lawyer for specific advice is recommended.
In Ontario, without a formal partnership agreement, it's complex. They might struggle to claim *% of the brand's future value post-dissolution, especially if inactive and locked out due to their breaches. Courts may consider contributions and actions post-dissolution. Consulting a lawyer for specific advice is recommended.
Whats the most realistic outcome if they go to court with lawyers 2 years or 1 year from now given dissolution and breaches on both sides
Case Rating: *
In Ontario, without a formal partnership agreement and given breaches on both sides, the realistic outcomes might include:
- Possible claim for equity based on initial gifting.
- Difficulty in claiming future brand value due to inactivity.
- Courts considering contributions and actions post-dissolution.
- Potential for mediation rather than litigation.
Would you like further clarification or have any other questions about this situation?
In Ontario, without a formal partnership agreement and given breaches on both sides, the realistic outcomes might include:
- Possible claim for equity based on initial gifting.
- Difficulty in claiming future brand value due to inactivity.
- Courts considering contributions and actions post-dissolution.
- Potential for mediation rather than litigation.
Would you like further clarification or have any other questions about this situation?
What would they likley get if the brand was worth *,* by dissolution date and one million next year after lock out? And do i legally have to give them an operational role now since they own *% of the company but i dissolved the general partnership that had no partnership agreement
Case Rating: *
In Ontario, without a partnership agreement, equity rights depend on the initial gifting terms. If the brand's value increases post-dissolution, their claim might focus on the dissolution date value. Regarding operational roles, typically, rights are based on agreements or contributions, not just equity ownership. Consulting a lawyer for specific advice is recommended.
In Ontario, without a partnership agreement, equity rights depend on the initial gifting terms. If the brand's value increases post-dissolution, their claim might focus on the dissolution date value. Regarding operational roles, typically, rights are based on agreements or contributions, not just equity ownership. Consulting a lawyer for specific advice is recommended.
Go into more detail
Case Rating: *
In Ontario, without a partnership agreement, the legal landscape is complex:
- Equity Claims: Based on initial gifting, they might claim *% of the dissolution date value, but future value claims are difficult without involvement.
- Operational Role: Typically not mandatory without agreements or contributions.
- Legal Process: Courts will consider contributions, actions, and informal agreements.
For personalized guidance, consulting a local lawyer is advisable. Would you like assistance connecting with local lawyers?
In Ontario, without a partnership agreement, the legal landscape is complex:
- Equity Claims: Based on initial gifting, they might claim *% of the dissolution date value, but future value claims are difficult without involvement.
- Operational Role: Typically not mandatory without agreements or contributions.
- Legal Process: Courts will consider contributions, actions, and informal agreements.
For personalized guidance, consulting a local lawyer is advisable. Would you like assistance connecting with local lawyers?
Why wont they be able to claim *% of the future value if they were locked out due to their breaches without their consent and i made it impossible for them to contribute and im continuing the brand using the same business instagram but none of the old works and new logo and same name and they declined buyout offered during mediation
Case Rating: *
In Ontario, without a formal partnership agreement, claiming future brand value is tough if they were inactive and locked out due to breaches. Courts focus on contributions and actions post-dissolution. Their refusal of a buyout further weakens their case. Would you like further clarification on this situation?
In Ontario, without a formal partnership agreement, claiming future brand value is tough if they were inactive and locked out due to breaches. Courts focus on contributions and actions post-dissolution. Their refusal of a buyout further weakens their case. Would you like further clarification on this situation?
What if they can prove they werent breaches
Case Rating: *
If they can prove there weren't breaches, the situation changes notably. They might argue stronger claims for equity or operational roles based on initial gifting. The court would closely examine evidence regarding contributions and actions. Consulting a lawyer is strongly advised for tailored advice.
If they can prove there weren't breaches, the situation changes notably. They might argue stronger claims for equity or operational roles based on initial gifting. The court would closely examine evidence regarding contributions and actions. Consulting a lawyer is strongly advised for tailored advice.
Would they get *% of future valuation
Case Rating: *
In Ontario, without a formal partnership agreement, claiming *% of future brand valuation is challenging due to lack of involvement and breaches. Courts often consider the dissolution date value, contributions, and actions post-dissolution. They may struggle to claim future value if inactive. Consulting a lawyer for specific advice is recommended.
In Ontario, without a formal partnership agreement, claiming *% of future brand valuation is challenging due to lack of involvement and breaches. Courts often consider the dissolution date value, contributions, and actions post-dissolution. They may struggle to claim future value if inactive. Consulting a lawyer for specific advice is recommended.
I can prove their breaches. So on a scale of *-* if they sue me when company is worth 200K a year later vs the 10K now whats chance of them getting half of company? And if they ask me for an obsurdly high buyout like 10k when brand is worth 3k should i pay them or decline and take risk and run business solo and take all profits due to their breaches?
Case Rating: *
Given the breaches you can prove, their chance of claiming half of the company if they sue you when it's worth 200K is likely around *-* on a scale of *-*. For the buyout, declining and running the business solo might be a reasonable risk, but consulting a local lawyer would be beneficial for more precise advice tailored to your situation.
Given the breaches you can prove, their chance of claiming half of the company if they sue you when it's worth 200K is likely around *-* on a scale of *-*. For the buyout, declining and running the business solo might be a reasonable risk, but consulting a local lawyer would be beneficial for more precise advice tailored to your situation.
Why might it be a reasonable risk?
Case Rating: *
In this case, taking the risk might be reasonable due to the following factors:
- Proven breaches weaken their position significantly.
- Without a partnership agreement, their claims on future valuation are challenging.
- Declining an unreasonably high buyout could maximize your profits given their inactivity.
Would you like more details or further clarification?
In this case, taking the risk might be reasonable due to the following factors:
- Proven breaches weaken their position significantly.
- Without a partnership agreement, their claims on future valuation are challenging.
- Declining an unreasonably high buyout could maximize your profits given their inactivity.
Would you like more details or further clarification?
More details
Case Rating: *
In Ontario, without a formal partnership agreement:
- Proven Breaches: Their claims weaken significantly.
- Future Valuation Claims: Courts focus on dissolution date value, not future value, especially if inactive.
- Buyout Offers: Declining high buyouts could maximize profits if risks are manageable.
Consider consulting a local lawyer for personalized advice. Would you like more information on specific legal aspects?
In Ontario, without a formal partnership agreement:
- Proven Breaches: Their claims weaken significantly.
- Future Valuation Claims: Courts focus on dissolution date value, not future value, especially if inactive.
- Buyout Offers: Declining high buyouts could maximize profits if risks are manageable.
Consider consulting a local lawyer for personalized advice. Would you like more information on specific legal aspects?
What would you do my situation and why if they decline buyout and ask for 3x what brand is worth?
Case Rating: *
In your situation, given proven breaches and lack of a formal partnership agreement, you might consider declining an unreasonable buyout request. This could allow you to maximize profits, especially since their claims on future valuation are weak. Consulting a local lawyer for tailored advice would be wise. Do you have any further questions?
In your situation, given proven breaches and lack of a formal partnership agreement, you might consider declining an unreasonable buyout request. This could allow you to maximize profits, especially since their claims on future valuation are weak. Consulting a local lawyer for tailored advice would be wise. Do you have any further questions?
Do statue of limitations apply in business in this scenario in ontario?
Case Rating: *
In Ontario, the statute of limitations generally applies to business disputes, including partnership issues. The Limitations Act sets a standard period of two years from the date the claim is discovered. Courts consider the specifics of each case, including agreements and breaches.
Do you have any further questions about this situation?
In Ontario, the statute of limitations generally applies to business disputes, including partnership issues. The Limitations Act sets a standard period of two years from the date the claim is discovered. Courts consider the specifics of each case, including agreements and breaches.
Do you have any further questions about this situation?
What happens if they sue 3 years later?
Case Rating: *
In Ontario, if they sue three years later, the statute of limitations could bar their claim, as it's typically two years from discovering the issue. However, exceptions may apply based on case specifics. Consulting a lawyer for tailored guidance would be best. Would you like more information on the exceptions?
In Ontario, if they sue three years later, the statute of limitations could bar their claim, as it's typically two years from discovering the issue. However, exceptions may apply based on case specifics. Consulting a lawyer for tailored guidance would be best. Would you like more information on the exceptions?
If they sue me this year and i register and incorporate business solo and register it and incorporate in uk london how does that change things?
Case Rating: *
Incorporating the business in the UK may alter the jurisdiction and complicate the legal proceedings. However, you may still face legal actions in Ontario based on prior agreements or interactions. It's advisable to consult a lawyer for tailored advice on international business implications. Do you have any further questions?
Incorporating the business in the UK may alter the jurisdiction and complicate the legal proceedings. However, you may still face legal actions in Ontario based on prior agreements or interactions. It's advisable to consult a lawyer for tailored advice on international business implications. Do you have any further questions?
Which courts would this go to if they sue me when brand is worth 30k?
Case Rating: *
In Ontario, if they decide to sue you, the case would likely be heard in the Ontario Superior Court of Justice, considering the monetary value involved. This court handles civil cases where claims exceed small claims limits. You might want to consult a lawyer for detailed guidance.
In Ontario, if they decide to sue you, the case would likely be heard in the Ontario Superior Court of Justice, considering the monetary value involved. This court handles civil cases where claims exceed small claims limits. You might want to consult a lawyer for detailed guidance.
What about if its worth 10k?
Case Rating: *
If the brand's value is $*,*, the case might be heard in the Small Claims Court in Ontario, as it handles claims up to $*,*. Without a partnership agreement and given proven breaches, their case might be weaker. Would you like more information on the legal process or have other questions?
If the brand's value is $*,*, the case might be heard in the Small Claims Court in Ontario, as it handles claims up to $*,*. Without a partnership agreement and given proven breaches, their case might be weaker. Would you like more information on the legal process or have other questions?
Could they take it to superior court?
Case Rating: *
In Ontario, if the claim exceeds $*,*, it might be taken to the Superior Court of Justice. If it's $*,*, it usually goes to Small Claims Court. Without a partnership agreement and given breaches, their case could be weak. Would you like more information on court procedures?
In Ontario, if the claim exceeds $*,*, it might be taken to the Superior Court of Justice. If it's $*,*, it usually goes to Small Claims Court. Without a partnership agreement and given breaches, their case could be weak. Would you like more information on court procedures?
How much roughly in toronto would it cost them to get lawyers and go through whole legal process?
Case Rating: *
Legal costs can vary widely in Toronto. Generally, for civil cases, legal fees might range from $* to $*+ per hour, depending on the lawyer's experience. Court fees and additional expenses depend on case complexity. Consulting a lawyer for an estimated cost based on specifics is advisable.
Legal costs can vary widely in Toronto. Generally, for civil cases, legal fees might range from $* to $*+ per hour, depending on the lawyer's experience. Court fees and additional expenses depend on case complexity. Consulting a lawyer for an estimated cost based on specifics is advisable.
So in total how much if they want to sue for *%
Case Rating: *
In Toronto, if they sue for *% of the brand, legal costs could range significantly based on case complexity, lawyer fees, and court expenses. Costs might be thousands to tens of thousands of dollars, considering hourly rates and the length of proceedings. Consulting a lawyer for a precise estimate is recommended.
In Toronto, if they sue for *% of the brand, legal costs could range significantly based on case complexity, lawyer fees, and court expenses. Costs might be thousands to tens of thousands of dollars, considering hourly rates and the length of proceedings. Consulting a lawyer for a precise estimate is recommended.
How much roughly
Case Rating: *
In Toronto, legal costs for suing for *% of a brand can vary greatly. You might expect expenses from $*,* to over $*,*, considering lawyer fees, court costs, and potential complexities. It's best to consult a local lawyer for a more precise estimate tailored to your situation.
In Toronto, legal costs for suing for *% of a brand can vary greatly. You might expect expenses from $*,* to over $*,*, considering lawyer fees, court costs, and potential complexities. It's best to consult a local lawyer for a more precise estimate tailored to your situation.
How long will the statue of limitations be in this case in ontrarii
Case Rating: *
In Ontario, the statute of limitations for business disputes, including partnership issues, is generally two years from the date the claim is discovered, according to the Limitations Act. If they sue after three years, the claim may be barred unless exceptions apply.
In Ontario, the statute of limitations for business disputes, including partnership issues, is generally two years from the date the claim is discovered, according to the Limitations Act. If they sue after three years, the claim may be barred unless exceptions apply.
Is it worth it for them to get lawyers and go to court if brand is worth 10k?
Case Rating: *
Given the brand's current value of $*,* and the complexities of your situation, it might be less worthwhile for them to pursue legal action. Legal costs could outweigh potential gains, especially without a partnership agreement and proven breaches on your side. Let me know if you need more information or have other questions!
Given the brand's current value of $*,* and the complexities of your situation, it might be less worthwhile for them to pursue legal action. Legal costs could outweigh potential gains, especially without a partnership agreement and proven breaches on your side. Let me know if you need more information or have other questions!
Why?
Case Rating: *
Given the brand's current value of $*,*, pursuing legal action might not be financially worthwhile for them due to:
- Legal costs potentially exceeding gains.
- Proven breaches weaken their case.
- Lack of a partnership agreement complicates claims.
If you need more details or have any other questions, feel free to ask!
Given the brand's current value of $*,*, pursuing legal action might not be financially worthwhile for them due to:
- Legal costs potentially exceeding gains.
- Proven breaches weaken their case.
- Lack of a partnership agreement complicates claims.
If you need more details or have any other questions, feel free to ask!
How long did snapchat founder wait before suing?
Case Rating: *
The Snapchat founders had a legal dispute with a fellow Stanford student, Reggie Brown, who claimed to have contributed to the idea. Brown filed a lawsuit in *, two years after Snapchat's initial release in *.
The Snapchat founders had a legal dispute with a fellow Stanford student, Reggie Brown, who claimed to have contributed to the idea. Brown filed a lawsuit in *, two years after Snapchat's initial release in *.
Why didnt statue of limitations apply?
Case Rating: *
In the Snapchat case, the statute of limitations likely did not apply initially because the claim was filed within the applicable period following the discovery of the issue. The specifics of when the claim is "discovered" can vary, and exceptions might apply depending on the circumstances. Legal nuances can also influence the timing of the lawsuit. Would you like more information on exceptions to the statute of limitations?
In the Snapchat case, the statute of limitations likely did not apply initially because the claim was filed within the applicable period following the discovery of the issue. The specifics of when the claim is "discovered" can vary, and exceptions might apply depending on the circumstances. Legal nuances can also influence the timing of the lawsuit. Would you like more information on exceptions to the statute of limitations?
Would it be worth it for them to file and injunction? And how much would that cost in toronto and given both our breaches whats the chance of that being successful for them on scale *-*?
Case Rating: *
Filing an injunction in Toronto may not be very successful given the proven breaches and lack of a partnership agreement. The cost can vary widely, often totaling thousands in legal fees and court expenses. Their success might be around *-* on a scale of *-*. Would you like more details on the legal process for filing an injunction?
Filing an injunction in Toronto may not be very successful given the proven breaches and lack of a partnership agreement. The cost can vary widely, often totaling thousands in legal fees and court expenses. Their success might be around *-* on a scale of *-*. Would you like more details on the legal process for filing an injunction?
How much would it cost? And would it be worth it for them?
Case Rating: *
Filing an injunction in Toronto could cost several thousand dollars, considering legal fees and court expenses. Given the proven breaches and absence of a partnership agreement, pursuing this legal action might not be financially worthwhile for them. Their chances of success are relatively low, around *-* on a scale of *-*.
Filing an injunction in Toronto could cost several thousand dollars, considering legal fees and court expenses. Given the proven breaches and absence of a partnership agreement, pursuing this legal action might not be financially worthwhile for them. Their chances of success are relatively low, around *-* on a scale of *-*.
How much
Case Rating: *
In Toronto, the costs associated with filing an injunction can vary significantly but might start from several thousand dollars, depending on the complexity of the case and legal representation fees. Given the circumstances, it may not be financially worthwhile for them due to low chances of success.
In Toronto, the costs associated with filing an injunction can vary significantly but might start from several thousand dollars, depending on the complexity of the case and legal representation fees. Given the circumstances, it may not be financially worthwhile for them due to low chances of success.
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