Definitely read the Soros one, full thread because several of us pulled a lot of research into that. It is representative of a big pattern of behavior, but this one has some big glaring differences. One, Soros was actually a financier by name in this versus how he has partnered with Trump before through his Grove Capital or Fortress investments.
Second, Trump and Soros actually initially lost this case. A $1.4 Billion (yes Billion) summary judgement was rendered against them. A different judge refused to file the verdict and instead told them they could fight the case again (which is where it is now, hung up in courts for over a decade- very odd action unless the judge was friendly to them or there were extenuating circumstances).
Third, read the way Trump's partner was accused of threatening those who filed the suit. The typical 'you'll never do business in this town again, we'll ruin you' kind of stuff.
After reading that and realizing that there are over 150 federal lawsuits of similar nature against Trump, take a look again over the comment I made on the other thread. This is how he has always done business. It is actually more difficult to find a project that didn't have some sort of fraud accusation of some level in it.
From the other thread- serious question:
If Trump were coming to me as a realtor for condo sales or home sales [more than likely he wouldn't. He would have an in-house sales and design staff, to work upgrades and extras]
But for argument's sake he did.
Assuming we are in the East coast, we are Atty States. Meaning attys instead of title companies handle the closing. All paperwork goes to the buyers Atty depending on the contract,monies can be held by either buyers or seller's agent IN ESCROW. REMEMBER you must have buyer and seller sign off to get monies out of escrow
So let's say the project is finished and the buyer wires the remaining funds to their Atty. and we close.....
There will be 2 checks written out. One Will be to my company for commission. And the other will be sent to the developer.
If that isn't she you are asking, then explain.
Real Estate cdevelopment at Trump's level is brutal! There are more ruthless people than him in that business.
Now you say ,150 lawsuits, that doesn't mean they all have merit or standing. They could be as frivolous as the one I mentioned in other post. Trump is the best known developer and brand in the world.
Licensing his brand is probably making a ton of money for him.
Plus, I am sure when he sells them his name, in the contract, I can guarantee he has a clause saying hecis not affiliated with the licensee, and is not responsible for any debts, law suits blah blah blah.
Definition:
LICENSING AGREEMENT:
A License Agreement is a document which outlines how the licensor (the party with the property) will grant the licensee (the party who is using the licensor's property). You can determine the length of use and how the property is utilized with a Licence Agreement; you can specify, for example, whether the licensee will have the right to the use the licensor's trademark on a specific product, or the right to sell or distribute the licensor's intellectual property, like computer software for example. Having a License Agreement can help set the foundation for a great business exchange.
I am tired excuse typos, I am only using one hand. Torn ligament in my wrist!!
