There are many horror stories regarding relationships between in-laws. Despite this, there are many in-laws in North Carolina who have a wonderful relationship and actually go into business together. Unfortunately, a recent breach of contract lawsuit filed by Alex Rodriguez’s former brother-in-law may be a warning against such business relationships, as they could potentially fall apart after a divorce.
His former brother-in-law claims that he and Rodriguez entered into a contract for a real estate venture sometime before March 2003. As part of the agreement, the pair, as well as a company called ACREI LLC, created a partnership that bought multiple out-of-state properties that were adjoining. According to the complaint, Rodriquez would receive the majority of profits from the venture, with both ACREI and the plaintiff receiving a small share.
However, court documents claim that the brother-in-law had sole power to sell the properties. Despite this, the plaintiff argues that Rodriguez, or his agents, sold properties without his knowledge or consent. The sales were made, he says, despite knowledge of the parameters of their previous agreement. Additionally, he says that he did not receive compensation for their sale. He is asking for an extensive amount in damages in addition to court costs.
Creating a business relationship with anyone, let alone an in-law, has a certain degree of risk. A North Carolina attorney with experience in commercial law can often help in the event of a suspected breach of contract. Those with such experience can examine a contract in order to determine if there is a breach or help defend against allegations of one.
Source: nydailynews.com, “Yankees slugger Alex Rodriguez being sued by ex-wife Cynthia’s brother“, Christian Red, Jan. 1, 2015