Trending...
- Third Annual TOPSoccer Festival Community Event
- New York Young Republican Club Endorses Allen Mashburn For Lieutenant Governor Of North Carolina
- PMUniversity Now Offers Emerging Tech Training As An Authorized Training Partner With Certnexus
MIAMI - iSportsWire -- By Atlas CORP.
Atlas Conglomerate of Ridiculous Proportions LLC ("Atlas CORP"), a Florida-based limited liability company, has filed a lawsuit against NFT Technologies, Inc. (NEO: NFTFF) ("NFT Technologies"), a British Columbia corporation, in the United States District Court, Southern District of Florida (Case No. 1:23-cv-22810-RNS).
The complaint, filed on July 27, 2023, alleges breach of contract and seeks declaratory judgment. The suit pertains to the Software Development Sales Contract entered into by both parties on June 7, 2023, for the development of the NFT-based augmented reality game "U.S. Women's Open ArtBall 2023," which was created in partnership with the USGA.
Atlas CORP claims to have fully performed all terms and conditions required, including completing development and delivery of the Product, yet NFT Technologies has allegedly failed to make the required payments set forth in the Contract, owing $127,500 of the total amount.
More on iSports Wire
The complaint further alleges that NFT Technologies and its former owner/CEO, Adam De Cata, have misrepresented the ownership of the intellectual property associated with "ArtBall," causing irreparable and inequitable harm to Atlas CORP. ArtBall rose to prominence following its successful endeavor around the 2022 Australian Open Tennis Tournament.
Atlas CORP's legal action aims to hold NFT Technologies accountable for their failure to honor the contract, to declare Atlas CORP as the sole and lawful owner of the collateral, and to seek damages, including attorney's fees and costs. Atlas CORP tried to amicably resolve this matter with Interim CEO & Co-Founder/Executive Chairman Wayne Lloyd.
This lawsuit highlights Atlas CORP's commitment to ethical business practices and serves as a cautionary note to others in the industry who may consider engaging with NFT Technologies, Wayne Lloyd or Adam De Cata.
For further information or inquiries about this matter, please contact Atlas CORP at the principal place of business located at 400 NW 26th Street, Miami, FL 33127.
Atlas CORP is represented by HEITNER LEGAL, P.L.L.C.
Atlas Conglomerate of Ridiculous Proportions LLC ("Atlas CORP"), a Florida-based limited liability company, has filed a lawsuit against NFT Technologies, Inc. (NEO: NFTFF) ("NFT Technologies"), a British Columbia corporation, in the United States District Court, Southern District of Florida (Case No. 1:23-cv-22810-RNS).
The complaint, filed on July 27, 2023, alleges breach of contract and seeks declaratory judgment. The suit pertains to the Software Development Sales Contract entered into by both parties on June 7, 2023, for the development of the NFT-based augmented reality game "U.S. Women's Open ArtBall 2023," which was created in partnership with the USGA.
Atlas CORP claims to have fully performed all terms and conditions required, including completing development and delivery of the Product, yet NFT Technologies has allegedly failed to make the required payments set forth in the Contract, owing $127,500 of the total amount.
More on iSports Wire
- MiBOXER Is Exhibiting At Hong Kong International Autumn Lighting Fair
- Beck Properties Group, eXp Realty Expands Service in Southeast Indiana
- Stonely Unleashes Innovative Platform for Homeowners: Design and Order Kitchen Countertops Online with Ease!
- One Million Pages Read in the First Year !!
- Kingston NY-Based Ryan & Ryan Kicks Off its 65th Anniversary Dec. 6 by Underwriting a Chamber of Commerce Mixer Saluting RUPCO
The complaint further alleges that NFT Technologies and its former owner/CEO, Adam De Cata, have misrepresented the ownership of the intellectual property associated with "ArtBall," causing irreparable and inequitable harm to Atlas CORP. ArtBall rose to prominence following its successful endeavor around the 2022 Australian Open Tennis Tournament.
Atlas CORP's legal action aims to hold NFT Technologies accountable for their failure to honor the contract, to declare Atlas CORP as the sole and lawful owner of the collateral, and to seek damages, including attorney's fees and costs. Atlas CORP tried to amicably resolve this matter with Interim CEO & Co-Founder/Executive Chairman Wayne Lloyd.
This lawsuit highlights Atlas CORP's commitment to ethical business practices and serves as a cautionary note to others in the industry who may consider engaging with NFT Technologies, Wayne Lloyd or Adam De Cata.
For further information or inquiries about this matter, please contact Atlas CORP at the principal place of business located at 400 NW 26th Street, Miami, FL 33127.
Atlas CORP is represented by HEITNER LEGAL, P.L.L.C.
Source: Atlas CORP
Filed Under: Sports
0 Comments
Latest on iSports Wire
- Pickleball Society: A New Era in Sports Marketing
- Vantiva Confirms its Strong Commitment to Diversity, Equity and Inclusion
- The World's No.1 Superstar Rings in 48th Birthday and 25 Years as an Entertainer
- Devart Is the Winner of 2023 New World Report Software and Technology Award
- Unveiling a Secluded Paradise: Beachfront Home on Dog Island, Carrabelle, Florida, Goes to Auction
- SalonInteractive Launches in Square App Marketplace to Provide eCommerce, Marketing & More to Beauty Professionals
- RacquetX Announces Miami Open Experience as Excitement Builds for Landmark 2024 Event
- Kimberly Peterson's Two-Win Streak: Santee's Top Female MMA Fighter!
- Grant Teaff Foundation Announcement
- Dominating Business Intelligence: Informer Tops the BI & Analytics Survey for the Fourth Time
- Pro Athletes Financial: Empowering Prosperity for Athletes
- KW Titans make sports history as Canada's first not-for-profit professional basketball team
- Advcash adds instant Pix payments in Brazil
- Floris United Methodist Church announces first-ever mission trip for people with disabilities
- Sip Social Co. Partners With Omnify To Streamline User Experience Across Growing Operations
- Fred Nassiri Relaunches "Love Sees No Colour"
- Las Vegas Kings Football Team Joins the International Football Alliance
- National Lacrosse League Opens Friday with NLL Faceoff Weekend: Ten Things to Know
- The Samuel Lawrence Foundation Presents Live from Dubai: First Friday Series Webinar on Dec 1
- Wohler makes the Evertz Quartz Protocol available for their iAM-SUM audio monitors & iVAM-SUM AV monitors