Buckles Management, LLC v. InvestorDigs, LLC
United States District Court for the District of Colorado
2010 WL 2877091 (2010)
- Written by Mary Pfotenhauer, JD
Facts
Cook and other parties (plaintiffs) entered into a business relationship with InvestorDigs, LLC (InvestorDigs) and others (defendants). InvestorDigs leased commercial space from Focus Business Park (plaintiff). No written lease was executed, but an email drafted by an InvestorDigs employee included a list of lease terms. The plaintiffs argued that InvestorDigs failed to pay the amounts due under the lease, and the parties’ business relationship eventually fell apart. The parties met to discuss the terms of ending their business relationship. The plaintiffs argued that the parties agreed to settlement terms at the meeting, including an agreement for the defendants to provide a note in the plaintiffs’ favor that would be payable over a five-year period. No written contract was executed, but emails were exchanged between one of the defendants and Fred Heigold, an employee at InvestorDigs, which contained a list of purported agreed-upon settlement terms. The plaintiffs filed suit, seeking, among other things, enforcement of the settlement agreement and the lease agreement.
Rule of Law
Issue
Holding and Reasoning (Babcock, J.)
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