Fort Walton Beach, FL asked in Business Law for Florida

Q: How protected am I with a contract between me and another American that resides in Thailand?

I want to invest in a company in Thailand. I have been in contact with the man running the business. Our deal would make my investment a loan that would be paid back monthly with interest along with equity for myself. He has given me the bank account number for the business as well as the bank account number for himself as well as his EIN number. I have somebody that will meet with him to verify proof of current income and clientele. If a contract is signed, how protected am I?

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1 Lawyer Answer
Robert Jason De Groot
Robert Jason De Groot
Answered
  • Deltona, FL
  • Licensed in Florida

A: You know what? You have asked an attorney to tell you how protected you are under a proposed contract, without giving the attorney the opportunity to read the contract. The only thing I can say is that it is a loan and you are as protected as the documents say.

Keith Petrochko agrees with this answer

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