Legal Question in Civil Litigation in Florida
contract law
I sold my interest in a partnership for $2 millon. Buyer paid $500k down, deal was to pay $500k per year for 3 years no interest. On one year anniversary (due date for next payment) buyer wants to ''back out''. No written contract. Proof is in back up from other partners, emails, recorded phone conversation.
7 Answers from Attorneys
Re: contract law
The otehr e-mails and documents may be used to support a claim for breach of contract. Feel free to call or e-mail me if you wish to discuss your claims further.
Scott Behren
Re: contract law
The otehr e-mails and documents may be used to support a claim for breach of contract. Feel free to call or e-mail me if you wish to discuss your claims further.
Scott Behren
Re: contract law
The otehr e-mails and documents may be used to support a claim for breach of contract. Feel free to call or e-mail me if you wish to discuss your claims further.
Scott Behren
Re: contract law
Let me make sure I understand this. You sold something (anything) with payment to occur over three and for $2,000,000 (that's six zeros) and you do not have a written contract? That was Stupid with a capital S. I bet you had no lawyer involved in this $2,000,000 deal. That was doubly Stupid. You probably know that now.
If you did have a lawyer involved, you probably have a pretty good legal malpractice claim if he recommended this medss without a written contract.
Whether you can enforce your contract will depend on the quality and quantity of the available proof abouyt the complete terms of the agreement and why the buyer wants out. The money you would have spent on a lawyer at the front end will be now dwarfed by what you will spend on a lawyer now.
Contact a good lawyer immediately.
Re: contract law
Let me make sure I understand this. You sold something (anything) with payment to occur over three and for $2,000,000 (that's six zeros) and you do not have a written contract? That was Stupid with a capital S. I bet you had no lawyer involved in this $2,000,000 deal. That was doubly Stupid. You probably know that now.
If you did have a lawyer involved, you probably have a pretty good legal malpractice claim if he recommended this medss without a written contract.
Whether you can enforce your contract will depend on the quality and quantity of the available proof abouyt the complete terms of the agreement and why the buyer wants out. The money you would have spent on a lawyer at the front end will be now dwarfed by what you will spend on a lawyer now.
Contact a good lawyer immediately.
Re: contract law
Sounds like a breach. Offer, acceptance, consideration, and partial performance. Give us a call to see if we can help, or email me separately.
Re: contract law
You can sue. Will you win, cannot advise without more info.
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