Surratt v. Brown, 2015 NCBC 72, decided last week by the Business Court, involved an oral partnership to open and operate tattoo parlors throughout North Carolina.
Plaintiff and Defendant entered into an partnership (without any written agreement) to open a tattoo parlor in Winston-Salem. Defendant Brown was to finance the business for a 30% share of the profits; Plaintiff Surratt was to open and operate the business for a 70% share.
The parties later orally agreed to expand their tattooing business by opening additional retail locations in which
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