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Questions Answered by Derek Allen Colvin
1 Answer | Asked in Libel & Slander for Virginia on
Q: Can an attorney modify a filed form on my behalf.
Derek Allen Colvin
Derek Allen Colvin
answered on Jan 31, 2023

There isn't enough information here to provide an answer. What is the "filed form" and what do you mean by "on my behalf"? An attorney may be able to enter a case as counsel of record and amendments may be permitted. Its unlikely that an attorney could, or would, modify... View More

1 Answer | Asked in Business Law and Contracts for Florida on
Q: I own a small business that I’d like to sell. I’m considering owner financing. Can an agreement include repossession?

I want to be sure I’m protected if the buyer defaults, or fails to maintain the business. The business is a franchised restaurant so there standards that need to be maintained. If the agreement includes a down payment, would I retain it as well?

Derek Allen Colvin
Derek Allen Colvin
answered on Sep 28, 2022

There is always some level of risk involved in every business transaction. Providing owner financing and the nature of the franchise relationship will need to be taken into account. You can't eliminate risk, but you can manage risk by contemplating these issues in an asset purchase... View More

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