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Hi Alex. The Deed of Trust is headed with our names but throughout it clearly talks about the business proposition, the purchase of a website and the Google Pay per click. There is no mention of any 'liability'. There is a statement that follows a projection of the potential returns that the project might have achieved saying "This is an illustration only - there are no guarantees". She is a 'Business Angel' who was recommended to me by a friend who had a business arrangement with her too. The money was paid in online by her into my ADMIT Services Ltd. business account. I can forward a copy of the Deed to you. A law lecturer friend who has seen it doesn't believe it would stand up in Court as it is not a legally drafted document.
Yes if you can post a copy online here that would be helpful
It seems impossible to post a copy or to upload it on to this site. Do you have an email I can post it to? Or do you know how to do it? Sorry.
You can email it to:***@******.*** - but it can take a few days for admin to forward it to me
Okay - I will do that. Shame I couldn't load it on here. Keith
Ok - I have it now.
As far as I can see you are only liable for the principle amount loaned
That is because on page 2 it says it is a loan
But you are NOT liable for anything above and beyond the initial loan
Can I clarify anything for you about this today please?
Hi Alex. No, thanks. It seems very strange that a business 'loan' attracting a huge return of 80% annualised, is repayable when the returns agreed don't meet expectations. But I will pass this on to my Debt Management Company who will pay her a pro rata amount as I lost a lot of money when my company was decimated.
i'll give you an excellent rating for your advice and concern. Many thanks.