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Author Topic: Clarification on aspects of Contract by incorporating Quantum of meruit etc  (Read 149 times)

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Offline startupindian

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Hello
We are startup organisation of hotel professionals who manage the day to day running of hotels from the owners and run the hotel by paying a fixed specific fees to the owner of the hotel.

In order to take over such hotels we are funded by venture capitalists(VC) or any investor who believes in us.

As of now business is good and our investors are satisfied with us.

We also have strong legal paper work in terms of contracts with the owners and the investors through our lawyers defining operational and financial terms.

However dark clouds may descend anytime without our knowledge leading to a dispute between we hotel professionals and the owners.

Hence my query is that in the event there is a breach in terms of contract by the Hotel Owner besides litigation and arbitration what can be our options.

We have legal professionals who have advised us on new concepts that can be applied to contracts with Hotel owners like: "Quantum of meruit" and "Unjust enrichment" but we are not convinced about the practicality of these concepts.

But we personally feel that there could be other unforeseen problems in addition to that which we may have over looked.

Therefore we would be very obliged if we can get some direction or advice from you esteemed legal professionals and if found useful or unique engage your services.

Hope you all take it in the right spirit and show us the right direction based on years of experience.

P.S We are not legal guys trying to get some info from you or so.

Thanks 8)

 

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