Contract analysis
Clause-by-clause risk read on any document of the firm. Pick a contract, or open any document from a matter.
Contract analysis / letter-bos-deficiencies-amended-objection.docx
letter-bos-deficiencies-amended-objection.docx
High · 1
Medium · 3
Standard · 1
I. Deficiencies Regarding the Alleged Premarital Agreement
I. Deficiencies Regarding the Alleged Premarital Agreement The centerpiece of the Amended Objection is the assertion that a premarital agreement between Teodoro R. Fonseca and Marguerite D. Fonseca, purportedly executed on or about May 30, 2008—approximately two weeks prior to the parties' marriage on June 14, 2008—controls the characterization of certain assets of the estate. For the reasons set forth below, this cl
II. Deficiencies Regarding the Separate Property Characterization of Lumiére Canyon Studio
Standard
⚑ Commercial term
II. Deficiencies Regarding the Separate Property Characterization of Lumiére Canyon Studios LLC A. Insufficient Factual Basis The Amended Objection asserts that the decedent's fifty percent (50%) membership interest in Lumiére Canyon Studios LLC ("LCS") is his separate property. This characterization is factually unsupported and legally untenable. Lumiére Canyon Studios LLC was formed on March 18, 2009, as a Californ
III. Additional Deficiencies in Other Asset Characterizations
III. Additional Deficiencies in Other Asset Characterizations A. Pacific Rim Narrative Partners LLC The Amended Objection also characterizes the decedent's thirty-five percent (35%) membership interest in Pacific Rim Narrative Partners LLC ("PRNP") (California Secretary of State Filing No. 201518720492) as the decedent's separate property. PRNP was formed in 2015, squarely during the Fonseca marriage. The fund manage
IV. Isabela C. Fonseca-Greer's Promissory Note Claim and Nicolás R. Fonseca's Oral Promise
Medium
⚑ Liability cap to check against exposure
IV. Isabela C. Fonseca-Greer's Promissory Note Claim and Nicolás R. Fonseca's Oral Promise Claim We note that the Amended Objection incorporates by reference the individual claims of Isabela C. Fonseca-Greer, who asserts a claim based on an alleged promissory note dated January 15, 2020, in the principal amount of one million two hundred thousand dollars ($1,200,000), plus accrued interest, purportedly made by Teodor
V. Demands and Next Steps
V. Demands and Next Steps In light of the foregoing, and on behalf of Ms. Fonseca, we make the following demands:
1. Production of Original Premarital Agreement. Contestants and their counsel are demande
High
⚑ Penalty / liquidated damages
1. Production of Original Premarital Agreement. Contestants and their counsel are demanded to produce the original of the alleged premarital agreement forthwith. In the alternative, if the original cannot be produced, Contestants must provide a declaration under penalty of perjury explaining in detail the absence of the original, the provenance of the photocopy, the identity of the person or persons who had custody o
2. Supplementation of Separate Property Claims. Contestants are demanded to supplement th
2. Supplementation of Separate Property Claims. Contestants are demanded to supplement their Amended Objection with specific factual allegations and supporting documentation for the separate property characterization of (a) Lumiére Canyon Studios LLC, (b) Pacific Rim Narrative Partners LLC, and (c) the Malibu Beach House located at 27100 Pacific Coast Highway, Malibu, California 90265. Such supplementation should inc
3. Consequences of Non-Compliance. If Contestants fail to address the deficiencies identi
Medium
⚑ Liability cap to check against exposure
3. Consequences of Non-Compliance. If Contestants fail to address the deficiencies identified in this letter, Ms. Fonseca will seek appropriate relief from the Court, including but not limited to motions to strike unsupported allegations from the Amended Objection, evidentiary motions to exclude the unauthenticated photocopy of the purported premarital agreement, and a request for sanctions pursuant to California Cod
VI. Reservation of Rights
Medium
⚑ Assignment / subcontracting
VI. Reservation of Rights All rights, remedies, claims, and defenses of Marguerite D. Fonseca, whether at law or in equity, are expressly reserved and not waived. Nothing in this letter, including any statement of fact or law contained herein, shall be deemed a waiver of any privilege, right, claim, or defense available to Ms. Fonseca. This letter is sent without prejudice to any position Ms. Fonseca may take in this