Legal Question in Business Law in Texas

A business

Party A hires Consultant to perform financial analysis for mfg. company on behalf of Party B. The company has suspended operations for 1 year. Party B owns the equipment and intellectual property necessary to re-start company. Company previously owned and operated by Party B with family. Family no longer claiming any past or future interest in company. Party A�s interest is exploratory in consideration of re-starting company. Party�s A and B have made no commitments to each other. Consultant works with Party B to gather data and complete financial analysis. Party's A and B and Consultant meet to review findings. Party's A and B draw no conclusions nor extend any verbal/written commitments to each other. No confidentiality or other agreements exist between Party A, B or Consultant. Subsequently, Consultant and Party B reach independent agreement (outside of Party A�s knowledge) to form new LLC and re-start mfg. operations. Party B prefers this arrangement over entering into agreement with Party A. Does Party A have any legal claims against Party B, Consultant and/or LLC?


Asked on 11/21/02, 3:44 pm

1 Answer from Attorneys
Peter Bradie Bradie, Bradie & Bradie

Re: A business

No. Per your words, "Party A hires Consultant to perform financial analysis for mfg. company on behalf of Party B." There are no agreements or commitments between or among the parties. A has essentially made a gift to B and the Consultant.

Read more
Answered on 11/21/02, 4:29 pm


Related Questions & Answers

More Business Law questions and answers in Texas