Terra Venture, Inc. v. JDN Real Estate-Overland Park, L.P.

McKAY, Circuit Judge.

This lawsuit concerns the division of labor and capital associated with 100 acres of undeveloped property in Overland Park, Kansas. Originally, Plaintiffs entered into an agreement to purchase this plot of land from a company called Ranch Mart, Inc. However, before closing with Ranch Mart, Plaintiffs entered into an agreement with Defendants whereby Plaintiffs assigned their rights and interests in the land to Defendants (“Assignment Agreement”). Plaintiffs conveyed all of their rights in the land to Defendants, and Defendants became the owners of the property.

The plan…