Opinion ID: 3052575
Heading Depth: 3
Heading Rank: 3

Heading: The September 19, 2001 Corporate Resolution

Text: During the 90-day term of the May 2001 corporate resolution, no buyer for the gas stations was found. As early as July 2001, however, Tesoro Petroleum had expressed interest in doing a deal with BFG, but no offer had come to fruition. At the time of the expiration of the May 2001 corporate resolution on August 27, 2001, Jeffrey and Amy Bertelsen wanted to sign a new contingency fee agreement with Harris and McPherson to continue to try to sell the gas stations. Harris discussed with Jeffrey and Amy Bertelsen the fact the new agreement would be based on a 1.5% contingency (up from 1%). On September 19, 2001, Jeffrey and Amy Bertelsen, on behalf of BFG, signed a revised corporate resolution and limited power of attorney. The term of the agreement was for one year and stated Harris and McPherson would receive “1.5% of the gross value of any transaction(s) entered into with third 2 The corporate resolution did not state Harris and McPherson would split the contingency fee. Harris, however, testified he told the Bertelsens of the 50/50 arrangement and the Bertelsens agreed to it. The record does not state whether the Bertelsens admitted they were aware of the 50/50 arrangement, and the district court did not make a finding on that point. 10258 BERTELSEN v. HARRIS parties plus full reimbursement of all out-of-pocket expenses.” Like the May 2001 corporate resolution, the September 2001 corporate resolution stated the Bertelsens could terminate the agreement and Harris and McPherson would be entitled to compensation at their hourly rates of $195 and $150, respectively.