Ask HN: Just lost $637,000 to a US company. How can we recover?

Posted by saasproduct on Wednesday October 11, 2017 @12:15PM
from the ask-hn dept.

We just had a Telegram chat agreement with a company which was supposed to act as an exclusive distributor for our SaaS product for a fixed sum each month. We were supposed to market and develop our product. They were supposed to collect payments and act us our distributor in this scheme. The chargeback rate was very low, typical for a SaaS company. Now, that company is saying they can't remember any agreement. We had received a few payments from them in excess of 120K which made us trust them in the first place. And they are now saying that their lawyers will handle it. I've no idea what to do now.

( 2 comments | 5 points | on HN )

Re:Ask HN: Just lost $637,000 to a US company. How can we re... by staticautomatic on Wednesday October 11, 2017 @12:19PM (#15450893)

You need a lawyer. My instinct is that you're going to have a real uphill battle and the case may be a total dog due to the contract format, but that doesn't necessarily mean all hope is lost. Email me at [email protected] if you want a lawyer recommendation. I work on cases like this and know some attorneys who might be worth talking to.

[ Parent | on HN ]

Re:Ask HN: Just lost $637,000 to a US company. How can we re... by unicorncode on Wednesday October 11, 2017 @12:25PM (#15450946)

Time to lawyer up?

[ Parent | on HN ]