Pokerstars SN: Moneyfold13
Signed him to a CFP ( Coaching for profits ) around July 2018, made me 0 profit, variance happens.
Now towards the end ( when profit was not in sight ) both parties decided to end the deal , issue is about the collateral / security deposit:
I decided to keep it due to multiple breaches of contract:
- Minimum volume of 50k hands / month was not met, he played 140k hands in 9 months freerolling HH reviews trough skype and playing 1 hour / average daily
These SS show that he agreed to 50k hands / month
- Total arranged hand requirement was not met, student was also not interested in making profit at some point anymore and hammered down volume at lower stakes just for the collateral / security deposit.
- Student played offstake games and would disappear from cashgame for some months playing mtts, extending the contract that was supposed to be finished in 3-4 months ( it extended to 8-9 months instead due to no volume commitment, while still receiving coaching on HH reviews )
Am i fine keeping the deposit in this case, even if both parties agreed to end prematurely?