Legal Question in Business Law in New Jersey

The fact that the agreement between your husband and the purchaser was not prepared by an attorney would not preclude the intention of both parties to end liability on the date of sale. So you have a good starting position.

Unfortunately, under the American system anyone can sue for almost anything. But this does not mean that the purchaser of the business will win if they decide to sue. However the threat is certainly there.

I find that sometimes an ounce of medicine is worth a pound of cure and a stern letter from an attorney could dissuade the person from any foolish ideas.

Happy to chat further about this matter. Please contact me directly.

Roman R. Fichman, Esq.

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Can he do it? Yes. Can you fight it? Yes. Will it cost you a lot of money? Probably not at all. Call me at 1-855-9-JEFLAW to discuss.

Anyone consume another person. For the fact you stated, it does not sound like the buyer the business is going to have much of a case. Nevertheless, I suggest that you and your husband seek a good tax and business attorney right away to review what was signed and the potential liabilities your husband may have.

Hopefully, next time you are involved in any business transaction, you'll have a good tax and business attorney represent you.

I hope this helps!

Ron Cappuccio