The American sued the employer a million dollars under a contract signed on a napkin

Dallas resident Jonathan Colniac filed incourton his former employer, James Balengi and sued him a million dollars. And the reason was the contract on a paper napkin, signed on the corporate party. Former employer tried to excuse, they say, the contract has no value. But the court was on the side of Colniac.
The American sued the employer a million dollars under a contract signed on a napkin Kolniak, Balengi, Kolniak, company, dollars, napkin, must, contract, million, shares, percent, thousand, insisted, Besides, the name indicated turned

The American sued the employer a million dollars under a contract signed on a napkin Kolniak, Balengi, Kolniak, company, dollars, napkin, must, contract, million, shares, percent, thousand, insisted, Besides, the name indicated turned

Jonathan kolnyak
Kolniak insisted that, according to the contract, Balengi should transfer to him 2 percent of the shares of Bridger Logistics. Kolniak and Balengi entered into an agreement in 2015. Although the name of the company was not indicated on the napkin, the notorious 2 percent and Colniac's salary of 100 thousand dollars were mentioned there. In addition, there was a signature Balengi.
The American sued the employer a million dollars under a contract signed on a napkin Kolniak, Balengi, Kolniak, company, dollars, napkin, must, contract, million, shares, percent, thousand, insisted, Besides, the name indicated turned

James Balengi
Kolniak's lawyer said that by agreement his client had to prepare the company for sale.Colniac fulfilled his part of the contract, the company was sold for 820 million. After that, his share of the stock rose to $ 9 million.
Later, Colniac agreed with the employer to pay two million. However, by the time he finished work, he had received only 400 thousand. And in March 2017, Kolniak went to court.
The American sued the employer a million dollars under a contract signed on a napkin Kolniak, Balengi, Kolniak, company, dollars, napkin, must, contract, million, shares, percent, thousand, insisted, Besides, the name indicated turned

“Balengi insisted that the contract was not concluded and he should not pay anything. This led to legal proceedings, ”said Kolniak’s lawyer.
Balengi’s defense claimed that the agreement signed on a napkin was “indefinite and incomplete,” and it was also signed as a result of a “drunken party”. In addition, in the agreement the company name is not specified, which means that Kolniak demanded the shares of another company. However, the court satisfied the requirements of Colniac.

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