Legal Question in Business Law in New York

I live in NY. Sold shares of private company based in NJ to a friend who lives in PA. Which state court I goto in case of nonpayment

Asked on 3/25/12, 5:36 am

4 Answers from Attorneys

Kristen Browde Browde Law, P.C.

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Both New York and Pennsylvania have jurisdiction, but you may want to use Pennsylvania, because collection could be easier.

Answered on 3/25/12, 6:30 am

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Walter LeVine Walter D. LeVine, Esq.

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I agree with David - always easier to recover if judgment is from State in which defendant lives.

Answered on 3/25/12, 11:49 am

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Nancy Delain Delain Law Office, PLLC

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David and Walter almost said it all, and they are most likely absolutely correct. However, that written contract for sale may contain a choice-of-forum clause and other jurisdictional claptrap. You should show that contract to your attorney and get his/her advice about where to sue in light of the provisions of the contract.

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Answered on 3/25/12, 1:13 pm

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