Sajous Business Management and Capital

Style', serif">SBMC and Validation Plus (*** ***’s company) signed an initial retainer agreement dated August **, (the “Initial Retainer”) which required Validation Plus to pay a $25,retainer to SBMC. Pursuant to the Initial Retainer, SBMC agreed to return the $25,payment if SBMC “does not deliver $ 2,000,within months.” SBMC has already advised *** *** that it agrees to return the $25,retainer payment as it was unable to meet the month time requirement
SBMC and Validation Plus signed a second agreement amending the Initial Retainer (the “Amendment”) on December **, 2013. Pursuant to the Amendment, Validation Plus paid to SBMC $45,to be used toward expenses related to SBMC’s efforts to obtain funding for Validation Plus. It was agreed that in the event SBMC could not obtain funding for Validation Plus in the amount of $7,000,by the date set forth in the Initial Retainer, SBMC would retain the S45,paid to the extent SBMC could provide proof that the amount retained represented “expenses associated with obtaining financing….”
SBMC has expended more than the $72,that was paid by Validation Plus in its efforts to obtain financing for Validation Plus. Per the Amendment, SBMC is entitled to retain the payment of $45,000. However, in good faith, SBMC advised *** *** that it will retain only $22,and will return $50,000. SBMC has already directed its accountants to prepare a report certifying the expenses and expects to return $50,to *** ***’s company no later than May ***,
***

Revdex.com:
I have reviewed the response made by the business in reference to complaint ID# ***, and have determined that my complaint has NOT been resolved because:
[Your Answer Here] Both contracts state that all money is to be refunded and vendor has not refunded my money
In order for the Revdex.com to appropriately process your response, you MUST answer the question above
Sincerely,
***

At this time, I have been contacted directly by Sajous Business Management and Capital regarding complaint ID [redacted], however my complaint has NOT been resolved because:
[Your Answer Here]
 They have not agreed to refund the entire amount, as stated in the contracts. I have contacted an attorney.
 
 
 
In order for the Revdex.com to appropriately process your response, you MUST answer the question above.
Sincerely,
[redacted]

Review: [redacted] signed a contract with Validation Plus, Inc. to obtain >= $7 million dollars in funding. Validation Plus paid [redacted] the following for the service that was not provided and has not returned the funds:

$45,000 provided in December 2013

$27,500 provided in August/September 2013

++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++...⇄ />
+Desired Settlement: Return of the funds listed above

Business

Response:

SBMC and Validation Plus ([redacted]’s company) signed an initial retainer agreement dated August **, 2013 (the “Initial Retainer”) which required Validation Plus to pay a $25,000 retainer to SBMC. Pursuant to the Initial Retainer, SBMC agreed to return the $25,000 payment if SBMC “does not deliver $ 2,000,000 within 6 months.” SBMC has already advised [redacted] that it agrees to return the $25,000 retainer payment as it was unable to meet the 6 month time requirement.

SBMC and Validation Plus signed a second agreement amending the Initial Retainer (the “Amendment”) on December **, 2013. Pursuant to the Amendment, Validation Plus paid to SBMC $45,000 to be used toward expenses related to SBMC’s efforts to obtain funding for Validation Plus. It was agreed that in the event SBMC could not obtain funding for Validation Plus in the amount of $7,000,000 by the date set forth in the Initial Retainer, SBMC would retain the S45,000 paid to the extent SBMC could provide proof that the amount retained represented “expenses associated with obtaining financing….”

SBMC has expended more than the $72,500 that was paid by Validation Plus in its efforts to obtain financing for Validation Plus. Per the Amendment, SBMC is entitled to retain the payment of $45,000. However, in good faith, SBMC advised [redacted] that it will retain only $22,500 and will return $50,000. SBMC has already directed its accountants to prepare a report certifying the expenses and expects to return $50,000 to [redacted]’s company no later than May [redacted], 2014.

Consumer

Response:

I have reviewed the response made by the business in reference to complaint ID# [redacted], and have determined that my complaint has NOT been resolved because:

[Your Answer Here] Both contracts state that all money is to be refunded and vendor has not refunded my money.

In order for the Revdex.com to appropriately process your response, you MUST answer the question above.

Sincerely,

Consumer

Response:

At this time, I have been contacted directly by Sajous Business Management and Capital regarding complaint ID [redacted], however my complaint has NOT been resolved because:

[Your Answer Here]

They have not agreed to refund the entire amount, as stated in the contracts. I have contacted an attorney.

In order for the Revdex.com to appropriately process your response, you MUST answer the question above.

Sincerely,