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1. The plaintiffs' claims against the defendants are all dismissed.
2. The costs of lawsuit are assessed against the plaintiffs.
Reasons
Basic Facts
The Defendants are holders of the manufacturing technology of rice tea, and the Plaintiffs are those who invested in funds to operate H franchise business (hereinafter “H”) with the Defendants as follows.
The conclusion of the first investment agreement and the establishment of the foundation I suggested the following projects: (a) the Plaintiffs and the Defendants established the headquarters and production corporation in early 2013; and (b) the establishment of the headquarters and production corporation; and (c) the establishment of the corporation also proposed the instant project to develop additional products other than Mad rice.
On May 22, 2013, the Plaintiffs decided to establish a head office and production corporation for the promotion of the instant business with the Defendants, and the Plaintiffs invested KRW 200 million in capital. The Defendants agreed to provide all necessary contents for the production of Hoho rice products, and thereafter, the J Co., Ltd. (hereinafter “J”) was established on May 27, 2013 pursuant to the aforementioned agreement.
On June 2013, after the conclusion of the second investment agreement, I prepared a business proposal (hereinafter “instant business proposal”) with the Plaintiffs and the Defendants, including the following details, and around that time, I offered them to the original Defendant: (a) around June 2013; (b) Defendant F and Plaintiff D assumed office as the co-representative of J’s co-representative representative director. (c) At that time, Defendant D and the Defendants took office as the co-representative director of J.
Article 1 (Purpose) The purpose of this Agreement is to provide the plaintiffs with funds, to work in partnership with each other by using H manufacturing technology and production know-how, and to regulate matters related thereto.
Article 3 (Investment Funds) The plaintiffs' investment funds under this Agreement are:
(1) Total amount of investment: