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Posts tagged "Economic Harm"

The Perils of Contract-Writing

In 1975, Rocco J. Fiorentino and John Converse founded a company that specialized in servicing restaurant equipment, installing serviced equipment for manufacturers, selling equipment, leasing equipment, and designing and drafting equipment. Previously, Converse had been Fiorentino's supervisor at another company ... 

The Perils of Contract-Writing

In 1975, Rocco J. Fiorentino and John Converse founded a company that specialized in servicing restaurant equipment, installing serviced equipment for manufacturers, selling equipment, leasing equipment, and designing and drafting equipment. Previously, Converse had been Fiorentino's supervisor at another company and was ten years his senior. Each partner contributed approximately $300 in startup capital. Three years later, J&R was incorporated and Fiorentino and Converse were each issued 2,500 shares of stock in the company. J&R became successful, soon boasting several national accounts and serving restaurants like Pizza Hut and McDonalds. Over its ten years of operation, J&R yielded approximately $3.5 million in gross revenues. 

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