Breach of Contract Lawsuit Brought Against Leading Online Pet Supply Company.LOS ANGELES--(BUSINESS WIRE)--Sept. 29, 1999-- On Sept. 23, 1999, Biolink, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control dba ERI Eri (ē`rī), in the Bible, son of Gad. International filed suit against Pets.com Inc. in the Superior Court of the State of California. The suit was filed for Breach of Contract, Anticipatory Breach anticipatory breach n. when a party to a contract repudiates (reneges on) his/her obligations under that contract before fully performing those obligations. This can be by word ("I won't deliver the rest of the goods" or "I can't make any more payments") or by action of Contract, Breach of the Implied Covenant of Good Faith and Fair Dealing implied covenant of good faith and fair dealing n. a general assumption of the law of contracts, that people will act in good faith and deal fairly without breaking their word, using shifty means to avoid obligations, or denying what the other party obviously , and Fraud. The suit seeks damages in the amount of $2,000,000 as well as punitive damages Monetary compensation awarded to an injured party that goes beyond that which is necessary to compensate the individual for losses and that is intended to punish the wrongdoer. and costs of the suit. Pets.com is a leader in the online pet supply industry that has recently exploded onto the financial scene. Backed by a major online retailer and significant venture capital companies, Pets.com is considered an "online category leader" in the race to dominate the $23 billion/annum U.S. pet supply market, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a press release issued on Aug. 16, 1999, by Pets.com. ERI International is a leading importer and distributor of aquatic livestock. With a state-of-the-art facility adjacent to Los Angeles International Airport “LAX” redirects here. For other uses, see LAX (disambiguation). “KLAX” redirects here. For other uses, see KLAX (disambiguation). Los Angeles International Airport (IATA: LAX, ICAO: KLAX, FAA LID: LAX , ERI has a well-established reputation as an industry leader. The company has unparalleled expertise in aquatic livestock fulfillment with over seven years of worldwide distribution as well as almost three years of fulfillment experience with the Internet business community. Robert Miller, the principal of ERI International, says that on Aug. 12, 1999, Pets.com entered into a four-year exclusive distribution agreement with ERI International for the sale and distribution of live aquatic animals on the Internet. Pets.com issued a press release on Aug. 16, 1999, announcing that it had "signed an exclusive agreement with a leading online fish supplier (ERI International) to sell live saltwater and freshwater fish from its Web site." Concurrently, Miller entered into an employment agreement with Pets.com to perform work directly related to developing and implementing the online aquatic animal program for Pets.com. According to Miller, ERI contends that after they had begun significant performance of the distribution agreement and after Miller had contributed extensively to the development and implementation of Pets.com's online aquatic animal program, Pets.com breached the agreement. ERI is seeking to enforce its rights under the agreement. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion