Asset Purchase Agreement
I sold my FedEx business in Oct 2020. The new owner paid half of my asking price & I have a legal contract for payment over 5 years with interest of 5%. He lost the business & has stopped paying my monthly installment payments.
Sold business but new owner isn’t paying monthly as agreed in legal contract. He has lost business & says he can’t afford to pay me.
1 Attorney answer
Hello, This is Donya. I can review your purchase agreement and advise you on how to move forward. I am a contracts attorney with over 20 years’ experience. I am an Arbitrator with the National Center for Dispute Settlements (NCDS), and have been an arbitrator is Civil Court, where I hear cases and render a decision based on the facts. I also work with clients at Arbitration with AAA regarding their contract disputes. I have also been a Hearing Officer and a Judicial Clerk. All in all, I have a well-rounded experience with handling and settling disputes. You may contact me on the Contracts Counsel website. Looking forward to talking with you. Donya