[Ulsan Damages Attorney Winning Case] False Transfer-and-Acquisition Action Won With the Assistance of an Ulsan Damages Attorney

The main reason the client came to the Ulsan damages attorney was that he had acquired the academy based on the defendant's lies.

It was the client's first time operating an academy. The defendant, by contrast, was experienced, having operated more than ten academies and having a history of acquiring, growing, and reselling them.

In introducing the academy to the client, the defendant represented that he himself had personally trained the existing directors and turned it into a fully managed academy.

*What is a fully managed academy? It is a form in which the existing director continues to operate the academy, while the acquirer pays the director a salary and obtains only the operating profit of the academy.

The client purchased the academy after hearing the defendant's account. The academy, however, was in a form that was difficult to operate as a fully managed academy.

Because the staff, the enrolled students, the other operating costs, the premium, and even the defendant's record of operating the academy were all lies, the client came to consult with an attorney at Daeryun.

Let us briefly review the damages statutes with the Ulsan damages attorney.

■ Statutes Relevant to the Case under the Civil Act

▷ Article 750 (Definition of Tort)

A person who causes loss to another by an unlawful act, whether intentional or negligent, is liable to compensate for the loss.

▷ Article 398 (Liquidated Damages)

(1) The parties may agree in advance on the amount of damages for nonperformance of an obligation.

(2) Where the agreed amount of damages is unreasonably excessive, the court may reduce it to a reasonable amount.

(3) The agreement on the amount of damages does not affect a claim for performance or the rescission of the contract.

(4) An agreement on a penalty is presumed to be an agreement on the amount of damages.

(5) Where the parties have agreed to apply something other than money toward the compensation for loss, the provisions of the preceding four paragraphs apply mutatis mutandis.

Because the defendant had falsely informed the client, before concluding the transfer-and-acquisition contract, about the overall matters regarding the academy's operating method, profitability, and fixed-cost expenditures, the Ulsan damages attorney argued that the defendant was liable to cancel the contract and compensate for the loss.

Because of the defendant's lies, the client mistook the property for a normal academy and acquired it.

The attorney argued that, because the contract ought to be canceled, the premium should be returned as a restoration to the original state.

Accepting the opinion of Daeryun Law Firm, the court ruled that the client could obtain cancellation of the contract at issue, a claim for damages, and the return of the premium.

This was a case in which, with the assistance of a Daeryun attorney, the client was able to cancel a contract riddled with lies and obtain compensation for the loss.

Daeryun forms a team of attorneys with extensive experience in damages relating to fully managed academies, shops, and other franchises, and handles the overall procedures of the action.

If you, like the client above, are suffering from a contract concluded based on lies, a consultation with Daeryun Law Firm may help relieve that burden.