Legal Question in Business Law in Connecticut

My Business partner and I, have a business together. We have a business agreement together and both signed and not notirized. Is the document still legal. If we have any issues selling, am I able to use that as proof.

Thanks


Asked on 3/30/10, 4:44 pm

1 Answer from Attorneys
Linda Subbloie Linda A. Subbloie, Esq.

If you have an agreement, then it is a contract and is enforceable. It does not need to be notarized (although it would be better if it was). I believe the contract has some value when selling the business, but of course, I would need to know more about the situation to confirm this.

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Answered on 4/04/10, 6:01 pm


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