Legal Question in Business Law in Texas

Proving Fraud

I sold a company to another. I made no money on the sale (I ''flipped'' it). The payback was in a 5-year employment contract. The contract called for me being President and running it as a separate division of the parent company. On day one the parent (husband/wife team) took over all control of the finances and never allowed me to run it. I had no spending or check signing ability or even credit card.

Now a year later they want to rip up the employment contract with the ''payback'' (I was supposed to get 10% of net profits for 5yrs) and tried to force me to sign a new one.

It is clear they never never planned for me to run it independently.


Asked on 4/10/09, 9:23 pm

2 Answers from Attorneys

Edgardo Baez The Baez Law Firm, P.C.

Re: Proving Fraud

Do you have a question?

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Answered on 4/11/09, 8:25 am
James Grissom Law Office of James P. Grissom

Re: Proving Fraud

not only fraud, but breach of contract and other corporate legal actions. Contact me by email if you want to discuss this further.

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Answered on 4/11/09, 1:32 pm


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