- 11 -
Elaine Bradish J. Robert Bradish
January 8, 1980 1/8/80
Parker and Bradish had agreed that the remaining 20 percent
of the Parker 50-percent interest in the potential joint venture
(10 percent of the joint venture) would belong to Bradish.
Bradish believed that Parker wished the daughters to have
some interest in the joint venture to make good on promises that,
previously, he, Parker, had made to Betty to "take care of the
kids, put something away for the kids." Bradish also believed
that Parker wanted the daughters to have an interest "from the
beginning", that he wanted them to "have their own interests",
and that he wanted those interests "protected from him, so he
couldn't get his hands on the money."
At or about the time that the January 8 writing was executed
by Bradish, Parker and Betty informed Tracy, then 14, and Teresa,
then 19, that they had an interest in the potential joint
venture. One or both of Parker and Betty explained to the
daughters certain details of the January 8 writing. They knew
that Bradish held their interests.
Disputes and Buyout
By mid-1980, a dispute evolved between (1) Thoner and
(2) Bradish and Parker. That dispute put the future of the joint
venture in jeopardy. The parties to the dispute agreed, however,
to modify the joint venture agreement and to settle their
differences. Among other documents, Thoner, Bradish, Parker, and
Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011