Case Number:
22SMCV00951
Hearing Date:
March 13, 2024
Dept:
P
Tentative Ruling
United Brands Worldwide, LLC v. D&K Worldwide, LLC et al., Case No. 22SMCV00951
Hearing Date March 13, 2024
D&K Worldwide, LLC and Danny Suleminians Motion for Summary Judgment
Plaintiff United Brands Worldwide (UB) entered into a written agreement in 2013 with defendant D&K Worldwide, under which UB agreed to upgrade property owned by D&K in exchange for 20% of the net profit after the property was sold. UB alleges the written agreement was orally modified in 2015, with UB to receive a monthly $300 fee. UB alleges 20% of net profits from the propertys rental income would be calculated at the end of each year, with UB receiving the difference between that percentage and the $3,600 received in monthly payments.
Defendants dispute the terms of the 2015 agreement, arguing UB is entitled only to a monthly $300 fee, not 20% of each years net rent profits. UB alleges D&K failed
Hearing Date
March 13, 2024
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Case Number:
22SMCV00951
Hearing Date:
March 13, 2024
Dept:
P
Tentative Ruling
United Brands Worldwide, LLC v. D&K Worldwide, LLC et al., Case No. 22SMCV00951
Hearing Date March 13, 2024
D&K Worldwide, LLC and Danny Suleminians Motion for Summary Judgment
Plaintiff United Brands Worldwide (UB) entered into a written agreement in 2013 with defendant D&K Worldwide, under which UB agreed to upgrade property owned by D&K in exchange for 20% of the net profit after the property was sold. UB alleges the written agreement was orally modified in 2015, with UB to receive a monthly $300 fee. UB alleges 20% of net profits from the propertys rental income would be calculated at the end of each year, with UB receiving the difference between that percentage and the $3,600 received in monthly payments.
Defendants dispute the terms of the 2015 agreement, arguing UB is entitled only to a monthly $300 fee, not 20% of each years net rent profits. UB alleges D&K failed