Legal Question in Business Law in Texas

business law

We sold the resturant we owned, for a down payment of $15,000.00 and they had 6 month to pay the full amount, however after 5 day the people want their money back.( they did sign contract) They have a lawyer and want the full amount back however we told their we would give them $12,000 only, because they open for business and we have to pay the bills. The Lawyer wrote that there did go by the agreement, however it was just because we didn't want to give them the recipes to the food. But we told them we wouldn't. Please help.


Asked on 12/07/07, 8:51 pm

3 Answers from Attorneys
Jeffrey Brashear The Brashear Law Firm, PLLC

Re: business law

Based on what you have stated, the outcome will ultimately depend upon what terms were used in the sales agreement. Without reviewing the actual sales document(s), it would be extremely difficult for my local law firm to assist you. If you would like to have my local law firm assist you with this legal matter or any other legal issue, please contact my legal assistant Jennifer ([email protected]).

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Answered on 12/10/07, 10:53 am
Alvin Lundgren Alvin R. Lundgren, L.C.

Re: business law

The terms of the contract govern what should happen. You may need an attorney to help you. You may call for a free consultation.

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Answered on 12/09/07, 2:18 pm

Re: business law

What you can and can't do should be enumerated in the contract. If the contract allowed for a "bail out" in exchange for the fee, then you should be fine. If the contract is silent, then you're going to have a problem. Did the purchasers keep any of the sales money that they made over the five day period?

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Answered on 12/07/07, 9:04 pm


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