Philadelphia, PA asked in Business Law for Ohio

Q: Hi I am selling my small business. I have a buyer who verbally agreed to purchase it does he legally have to buy it

He verbally agreed , he worked with land lord on a new lease, he texted me and told me to keep all of the current fountain drink equipment and not have the company pull it out. He then backed out at last minute after he verbally agreed to buy and I told all other potential buyers that it was sold

What legal recourse do I have

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1 Lawyer Answer
Joseph Jaap
Joseph Jaap
  • Cincinnati, OH
  • Licensed in Ohio

A: If you have this question and are selling a business, and now have a potential legal claim, you should retain a local business law attorney to review all the facts, evaluate any claim, assist you with the sale. Use the Find a Lawyer tab.

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