Text
1. The defendant limited liability company B shall pay to the Plaintiff KRW 1,200,000,000 as well as to the day of full payment from March 25, 2016 to the day of full payment.
Reasons
1. Basic facts
A. The Plaintiff, an operator of D, around 2010, purchased from E Co., Ltd. for 4.6 billion won in full-time Seoul Special Metropolitan City F (hereinafter “instant land”) from E and completed the registration of ownership transfer.
G as the president of E and H, promoted the instant project of constructing and selling officetels on the instant land (hereinafter “instant project”).
The plaintiffs of a joint investment agreement, the defendant C and the defendant Company agree on and conclude this arrangement for the sake of real estate development projects (hereinafter referred to as the "project") on the following land on the basis of the basic matters under this project.
Article 3 (Joint Business Method) The plaintiff and the defendants share their duties and cooperate to achieve the objectives of the Project as follows:
1. The project will be carried out jointly by the Plaintiff and Defendant C by investing funds in the above project in the Defendant Company.
② The Defendant Company and the H shall assume the responsibility for the role and performance of the PM company in the overall project, such as authorization, permission, sale in lots, and construction of the said project.
Article 4 (Sharing of Shares) ① Defendant C and the Plaintiff as an investor in a joint project, shall invest 4.8 billion won (80% of the total amount invested) and the Plaintiff shall invest 1.2 billion won (20% of the total amount invested) and invest 6 billion won in total.
(2) The ownership of the land for business shall accrue to the defendant company when the amount of investment is determined and invested, and the shares between the plaintiff and the defendant C shall be registered as shares of the defendant company.
At this time, it is possible to complete the bank loans for the project site so that the project site can be carried out in a clean state without restricted real rights.
Article 7 (Distribution and Settlement of Profits) (1) In promoting the business, the defendant corporation shall allocate 100% of the investment principal to the plaintiff and the defendant C 10% of the investment principal to the "ordinary profits" generated except all the total project costs and all the expenses.
except that there are unsold quantities.