Opinion ID: 2640085
Heading Depth: 2
Heading Rank: 2

Heading: the first oral agreement

Text: ¶9 Thereafter, Daines began actively negotiating with ASC on behalf of the surgeons. At some point after beginning negotiations with ASC, Daines told Dr. Burrows that he was uncomfortable because he felt that both ASC and the surgeons expected him to negotiate on their behalf. On December 13, 2000, while still negotiating with ASC on behalf of the surgeons, Daines met with Vincent. During this meeting, Daines claims that he entered into an oral agreement with Vincent to forego his $150,000 compensation under the MOU in exchange for 8 Class II shares of ownership in WVSC. [3] ¶10 The term sheets following the December 13 meeting and oral agreement between Daines and Vincent did not include a provision for payment to Daines or Quantum Ventures. On January 4, 2001, Vincent made a note during a phone call with Daines that Welden has torn up his prior agreement and is only working for them. During subsequent negotiations of the term sheets, Daines sent an email to Vincent stating nothing for me.