Asked by regchef on 22-01-2021 03:22:13
Question posted in the General Law category relating to KwaZulu-Natal
I am a chef, opened a new restaurant with * john, agreement was 50% profit share.
My input was : Constructing the meals, building a working kitchen, turning the restaurant profitable.
His was: capital (not too exuberant)
He decided to sell, so we agreed that I would buy it. Agreement was X ammount to be paid on the 10th of January, 2021)to pay for his loaned assests from the previous owner(*steve*) and procure it for myself Money was paid, in full on the agreed upon date.( i have an electronic paper trail for these funds) 10/01/21
The previous owner (*steve*) confronted me, demanding the money owed to him today 20/01/21.
Claims *John* said i never paid him.
I showed the proof of payment to the first owner, and he was quite surprised at *John's* dishonesty.
The 3 of us are meeting tomorrow afternoon.
I need to know what my legal rights are in this particular case?There was no contract signed, all verbal, except for the electronic paper trail from my Bank.
Hoping you can help, it was a substantial amount of money, and a lot of hard work.
Thanks in advance
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