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Originally Posted by GBBob
Since he is still 50% owner he obviously wanted to have some control, or perhaps right of refusal of any new owners that might be brought on board. You're right...a contract is a contract, but it seems they breached it, although I found it interesting that any damages he is seeking are not detailed?
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IMO depends how the contract was written. If in fact there is a clause that says he should have right of approval for any sale of 10% or more he is entitiled to punitive damages in addition to real damages which may be the essence of the case. Wish it was Federal so we could see the whole complaint