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

Related Topics:
1 Lawyer Answer
Joseph Jaap
Joseph Jaap
Answered
  • 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.

Justia Ask a Lawyer is a forum for consumers to get answers to basic legal questions. Any information sent through Justia Ask a Lawyer is not secure and is done so on a non-confidential basis only.

The use of this website to ask questions or receive answers does not create an attorney–client relationship between you and Justia, or between you and any attorney who receives your information or responds to your questions, nor is it intended to create such a relationship. Additionally, no responses on this forum constitute legal advice, which must be tailored to the specific circumstances of each case. You should not act upon information provided in Justia Ask a Lawyer without seeking professional counsel from an attorney admitted or authorized to practice in your jurisdiction. Justia assumes no responsibility to any person who relies on information contained on or received through this site and disclaims all liability in respect to such information.

Justia cannot guarantee that the information on this website (including any legal information provided by an attorney through this service) is accurate, complete, or up-to-date. While we intend to make every attempt to keep the information on this site current, the owners of and contributors to this site make no claims, promises or guarantees about the accuracy, completeness or adequacy of the information contained in or linked to from this site.