Legal Question in Business Law in Florida

my sister and my self went into used car biz my 15 years in running car dealerships and her money we were 50/50 partners i was a signer on the business checking account and i am also a signer on the business lease she was paying me a draw of 3000 per month then she reduced it to 1500 then out of no where says she cant afford me and gives me a final check of 1500 my question is can i make her buy my portion of the lease out and what are my options.if the business fails i dont want to be responsible for a 75,000 a year lease which has three years to go.if i can sue for breach of a verbal agreement would you take on a contigency basis she is worth about 2 million in realeaste which is qwned free and clear and a 500,000 money market


Asked on 11/14/10, 8:47 pm

1 Answer from Attorneys
Kevin B. Murphy Franchise Foundations, APC

As a franchise attorney I can tell you it is very unlikely you will find an attorney to take this case on a contingency basis. First of all, what damages can you prove? Second, if you signed the lease personally, you're on the hook until the end of the term, unless the landlord agrees to release you - which won't happen. Consult with a good business or franchise attorney in your area for specific advice.

Mr. Franchise - Kevin B. Murphy, B.S., M.B.A., J.D.

Franchise Attorney

Franchise Foundations APC

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Answered on 11/20/10, 7:31 am


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