Legal Question in Business Law in California

Re: Abandoned Order

Yes, you should create a new purchase order/contract that clarifies your interests and rights. You need to go over these issues and specific items in detail with counsel. There is no way of giving an intelligent opinion about generalities here; you are already aware of the risk of legal problems, that's why you posted your question. Depending upon your existing contract language with the buyers, there may/may not be copyright and other intellectual property issues to consider. There are reasonable solutions to all these things, you just need to get the answers properly., and get the right legal help. Feel free to contact me if serious and you want to use a SoCal attorney.

Re: Abandoned Order

I think you should consult with an attorney in your area to review the purchase order and/or any documentation that you have from the prior owners.

There are a lot of questions that you need to address such as whether you purchased the entire business or merely the assets belonging to the business, whether there were any agreements as to the purchased merchandise, whether you have any contact information regarding the purchasers, etc.

I would be happy to discuss your options as well as setting up new purchase agreements for you to use.

Caleb