Michael Del Balso, Inc. v. Carozza

EICHER, Chief Justice District Court.

This controversy arises out of a contract entered into by the parties in March 1934, whereby appellee undertook to superintend, the construction of a sewer in North East Washington, for which a contract had been awarded to the appellant by the District of Columbia Government. •

Appellant agreed to provide all the necessary capital and was to receive all profits up to 5%%, except that if the profits did not exceed 5%%, then appellee was to receive 25% of the profits for his services as General Superintendent. All profits above 5%% were to belong to appellee,…