Devang Patel Offers to Buy Mercurial, Signs Contract, Does Not Pay

By
Devang Patel.

 

In January of 2018, Danbury resident Devang Patel contacted me about buying The Mercurial website, brand, and digital assets. After collaborating on a contract, Patel and myself signed on a 15-month lease-to-own payment plan totaling $3,272.20. Patel has not made a full payment since June of 2018.

 

Patel promised to make payments many times since falling behind on the contract. At one point, he and I agreed to a late fee for each time payment wasn’t made by the 6th of the month. He said he was having issues with PayPal. He said he was laid off from this job.

 

“Hi, sorry for the delayed responses. I had my car broken into and both my phone and laptop were stolen, got a little side tracked trying CCs and a few other things secured.

 

As far as the contract goes, can we include a 5-7 day grace period from the 1st to make the payment each. If you want to include a late fee of lke $50 after that I’m open to that as well. Let me know if that’s okay with you.

 

I def would like to continue retaining the website, as I have been working on multiple projects with different artist in the last month. I def would like to continue retaining the website, as I have been working on multiple projects with different artist in the last month.

 

Let me know what you think, I’ll hop back on later this afternoon.

-Devang Patel to me via Facebook Messenger on May 16th

 

 

On September 14, Patel had promised to make weekly payments of $50 to catch up on his overdue balance of  $1,310. I agreed to this, and said I would waive future late fees (agreed to at $50 for each week of delayed payment, then revised to a flat rate of $100) if he continued to make weekly payments. Patel has made approximately four erratic payments since then.

 

You can view our contract here:

 

THE MERCURIAL LEASING CONTRACT

 

 

Here is Patel’s most recent invoice.

 

amanda bloom
DEVANG PATEL
11/12/18

 
 

MERCURIAL LEASE-TO-OWN, JUNE 2018
$192

 

JUNE LATE FEES
$150

 

MERCURIAL LEASE-TO-OWN, JULY 2018
$192

 

JULY LATE FEES
$100

 

MERCURIAL LEASE-TO-OWN, AUGUST 2018
$192

 

AUGUST LATE FEES
$100

 

MERCURIAL LEASE-TO-OWN, SEPTEMBER 2018
$192

 

SEPTEMBER LATE FEES
$100

 

MERCURIAL LEASE-TO-OWN, OCTOBER 2018
$192

 

MERCURIAL LEASE-TO-OWN, NOVEMBER 2018
$192

 

NOVEMBER LATE FEES
$100

 
 

Payments made: $350

 
 

TOTAL

 
 

$1,352

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