Asked in Business Law for Florida

Q: sold small biz last month. if cust are calling me to come back do I have to buy back accts from new owner if hes fired

I sold small lawn business last month. Customers are calling me and complaining about how unhappy they are with the new owner. I want to stay within the law - do I have to buy back the accounts I sold if customers fire new owner? Customers have tried reaching out to new owner and he does not return calls. I sold due to my health but now my heart goes out to the customers, which I have had for 12 years, and I feel I have to do something. There was no contract just a very simple Bill of Sale done at time of sale. However, verbal agreements are not being met by the new owner. What can I do? I refuse to buy the accounts back. It took me 12 years to build what I had and about a month and a half for the new owner to damn near destroy it.

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2 Lawyer Answers
Linda Liang
Linda Liang
Answered

A: if you are thinking of void the agreement and you have received payment, the oral agreement could be enforced, Unfortunately legally, the situation is out of your hand right now. All you can do is to pursuade another company to receive them.

Terrence H Thorgaard
Terrence H Thorgaard
Answered
  • Freeeport, FL
  • Licensed in Florida

A: If the bill of sale referred to customer accounts, it's arguable that it included an implicit non-competition clause; and if so the buyer could sue to enforce it.

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