Legal Question in Business Law in Texas
my daughter purchased nightbluc for a total of $90000, she put $50000 cash down and the owner is holding a $40000 note, does that give the previous owner the right to have a key to the establisment? This is in Houston, Texas.
2 Answers from Attorneys
Based on what you have written, the terms of the purchase agreement may govern the rights or each party. You daughter should seek advise from a local law firm to ensure that her rights and interests are being fully protected. Have you daughter contact our office to further discuss the facts of her legal issue.
The above response given is not intended to create, nor does it create an on-going duty to respond to questions. Additionally, the response does not form an attorney-client relationship, nor is it intended to be anything other than an educated opinion. It should not be relied upon as legal advice. The response given is based upon the limited facts provided by the person asking the question. To the extent additional or different facts exist, the response might possibly change.
The other attorney is on point here. Unless the contract of sale gives this right (which is very unlikely) a seller normally has no right of entry on the premises. Consult with an attorney in your area for specifics, including changing the locks..
Kevin B. Murphy, B.S., M.B.A., J.D. - Mr. Franchise
Franchise Attorney
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