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Contract & Business

Contract & Business

What is in Twitter’s Lawsuit Against Elon Musk? — We Break it Down for You

On July 12, 2022, Twitter officially filed its lawsuit against Elon Musk in the Court of Chancery of the State of Delaware. The Case number is: 2022-0613. The 62-page long Verified Complaint paints Musk as a reckless, irresponsible person who has casually trashed Twitter seriously affecting its stock price and value. The Complaint also accuses Musk of wanting out of the Twitter deal not because…
Ayala Law P.A.
July 14, 2022
Contract & BusinessUncategorized

Legal Reasons Why Elon Musk Wants Out of Twitter Deal: Read To Find Out

In a long July 8, 2022 Letter filed with the Securities and Exchange Commission (You can find the letter here: ), attorneys for Elon Musk explain the reasons they believe Twitter—not Musk—breached the purchase agreement (the “Merger Agreement” in the Letter). The core of the argument points to Section 6.4 of the Merger Agreement which provides that Twitter has to provide to Musk data and…
Ayala Law P.A.
July 11, 2022
Contract & Business

What is a Charging Order and How it Can Impact Your Single Member Limited Liability Company

A Charging Order is an Order from a competent court in Florida entitling a Creditor to collect a judgment on the interest of a debtor in a Limited Liability Company (LLC) Imagine you won a lawsuit and have a $200,000 judgment in your hands. Oftentimes, the defendant—the one against whom you prevailed in your lawsuit—won’t just hand you a check or zelle you $200,000 to…
Ayala Law P.A.
June 29, 2022
Contract & Business

Ayala Obtains Part II Money Transmitter License for its Client in Florida

Ayala is happy to announce that it has obtained a Part II Money Transmitter license for its client, a Florida corporation. A Money Transmitter license “authorizes the holder to transmit currency, monetary value, or payment instruments, either by wire, facsimile, electronic transfer, courier, the Internet, or through bill payment services or other businesses that facilitate such transfer, within this country or to or from locations…
Ayala Law P.A.
April 19, 2022
Contract & Business

Ayala Celebrates 9 Year Office Anniversary

  By: Sophie Polenghi Last week, we celebrated another Ayala Anniversary, marking 9 years since the office opening back in 2013. We interviewed founder of Ayala Eduardo Maura and asked him questions on the journey of Ayala thus far and what to expect to come in the future. Question 1:   When you first started Ayala back in 2013, did you think you would be…
Ayala Law P.A.
February 15, 2022
Contract & Business

Ayala’s Client Prevails at Trial Against Relentless Plaintiff in Three-Year Old Breach of Contract Case

By: Eduardo Ayala Ayala is proud to announce that it has prevailed in a bench trial in a case that the firm undertook pro bono. In the case, Plaintiff sued his former attorney (the defendant) for breach of contract. Plaintiff sought hundreds of thousands of dollars in speculative damages on a contract where he merely paid a couple of thousand dollars. Though Plaintiff was able…
Ayala Law P.A.
February 2, 2022
Contract & Business

Viatical Settlement Transactions in Florida – What Are They and Things You Need to Know

By Ryan Sawal I. What is a Viatical Settlement Transaction? Viatical Settlement transactions (or life settlement transactions) are transactions between a company or individual known as a “viatical settlement provider” and the owner of a life insurance policy known as a “viator.” A viatical settlement transaction allows the policy holder to reap a portion of the policy’s amount in exchange for the ultimate benefits of…
Ayala Law P.A.
January 26, 2022
Contract & Business

What is a Breach of Contract?– Basic Legal Elements You Must Know

A Breach of Contract means a failure of a party to perform or fulfill its obligations under the contractual agreement. The contract if properly negotiated and executed, is binding on the parties and will be enforceable in court. A breach of contract occurs when one or more parties involved in a contract do not honor the binding agreement in a material way. Material means important—an…
Ayala Law P.A.
January 21, 2022