Logan Paul and KSI’s Prime Hydration has been sued for $68,000,000 for breach of contract by a bottling company after Prime allegedly backed out of a deal they had made.
Due to the amount of money being invested in the production line, the two companies allegedly agreed on a minimum order commitment. If they didn’t hit take the agreed upon orders from Refresco, Prime would have been required to pay a set amount of money per case.
“If Defendants did not purchase and take delivery of at least 90% of the agreed annual volume commitment for each of the three contract years, Defendants would be obligated to pay Refresco a fixed shortfall amount for each 12-bottle case, below the volume commitment, that Defendants did not purchase,” it reads.
According to the lawsuitshared by BloombergLaw, as Refresco was getting ready to do a test run of the popular drink, Prime backed out of the agreement all together.
Refresco is seeking $67,710,000 in damages due to Prime allegedly backing out of the contract. They’re asking for interest as well, making the total request over $68M.
This lawsuit against Prime is part of a growing list of legal issues facing the influencer-led drink company.
Related:
After signing Kevin Durant as a sponsored athlete for the company, Prime launched a special edition bottle with the NBA star’s branding. Due to the inclusion of Durant’s Olympic accolades on the back of the bottle, theUS Olympic committee filed a trademark infringement lawsuit against Primejust days later.
Dylan Horetski is a Senior Writer on Dexerto’s US team. He is an expert Entertainment reporter, covering Twitch, YouTube, TikTok, Tech, and viral news. He also has bylines at IGN. You can contact him at: dylan.horetski@dexerto.com
