Legal Question in Business Law in Georgia

Re: Business Contract dispute

You would need to have the purchase agreement reviewed by a business attorney to determine your options. If you had an attorney draft the agreement, you should consult with him/her.

If you would like to discuss any issues further, please feel free to contact my office. My contact information is below. Thank you.

The foregoing is general information only, not specific legal advice. No attorney/client relation has been created or should be implied.

Re: Business Contract dispute

Yes, a suggestion - get a lawyer experienced in business disputes. It is well beyond the scope of this forum. You MAY have claims for fraud, negligent or intentional misrepresentations, but they are complicated issues. One problem you may have is whether you reasonably relied on any representations, or went blindly into the transaction at your own risk. Those issues will be discussed in your meeting.

Re: Business Contract dispute

I regularly litigate these issues, and without looking at the documents, it is difficult for me to determine your remedies. In the event of fraud (which you are describing) you can seek to rescind or undo the contract, and demand for all you money back. In the alternative, you can affirm the contract, and sue for damages. If you have paid substantial money for the business, and as such facing a substantial loss, you need to hire an attorney. In addition, you need someone who has done this before. I can help you. Best regards.