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What is Joint Venture Dispute: Primelink vs Lazatin about?

Primelink Properties and the Lazatin siblings entered into a joint venture agreement in 1994 where the Lazatins would contribute land and Primelink would develop it. Primelink failed to develop the land for 4 years. The Lazatins filed to rescind the agreement and the court ordered Primelink to return the land and improvements to the Lazatins without reimbursement. Primelink appealed. The court ruled that as the innocent party in the dissolved joint venture, the Lazatins were entitled to the land and improve

Author

abbey

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EN