The plaintiff and defendant entered into a business partnership to purchase and develop a property.
The defendant unilaterally terminated the partnership and sold the property.
Following this, the parties signed "Minutes of Protocol" agreeing to compensate the plaintiff $240,000 for expenses, time, and lost profits.
The court found the Minutes of Protocol to be a valid contract.
It determined that the $240,000 was intended to cover expenses and future loss, but also agreed that expenses already compensated by the defendant should be deducted.
The plaintiff was ultimately awarded $82,425 after deducting a portion of the construction loan that the plaintiff had received but the defendant subsequently repaid.
