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OYO In Trouble Again, Hotel Partner Moves To Court Over Breach Of Contract
Another hospitality firm has dragged Indian unicorn OYO Hotel and Homes to the court for breach of contract.
Times of India reported that the Delhi-based Pearl Hospitality and Events has accused OYO of refusing to pay the amount OYO allegedly owes for exiting the property and abandoning their contract.
The company has elaborated that it entered into a ‘Management Service Agreement’ with OYO on September 4, 2019.
As per the agreement, OYO had a lock-in period of 16 months from September 12, 2020.
If the company decided to terminate the agreement before this lock-in period, it would have to pay Pearl Hospitality a certain amount. | To read full story, visit https://startuparound.com/read/1592089365.5019498/OYO-In-Trouble-Again,-Hotel-Partner-Moves-To-Court-Over-Breach-Of-Contract?ref=audio_experience
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By Startup AroundAnother hospitality firm has dragged Indian unicorn OYO Hotel and Homes to the court for breach of contract.
Times of India reported that the Delhi-based Pearl Hospitality and Events has accused OYO of refusing to pay the amount OYO allegedly owes for exiting the property and abandoning their contract.
The company has elaborated that it entered into a ‘Management Service Agreement’ with OYO on September 4, 2019.
As per the agreement, OYO had a lock-in period of 16 months from September 12, 2020.
If the company decided to terminate the agreement before this lock-in period, it would have to pay Pearl Hospitality a certain amount. | To read full story, visit https://startuparound.com/read/1592089365.5019498/OYO-In-Trouble-Again,-Hotel-Partner-Moves-To-Court-Over-Breach-Of-Contract?ref=audio_experience