Q: what is it called when the seller of a company works with the purchasers manager to take back the company?
I purchased a taxi dispatch service in April 2022 for $8000 down and $3000 a month until $80,000 is paid in full. The manager of my company started working with the seller to underhandedly take back the company. THe manager quit on Dec 1 and text all my clients offering lower rates. He then colluded with the seller to take back the phone which was in per possession as per the contract. Dec 13th without notice they disconnected my ability to do business and forwarded calls to themselves.
A: The way you describe the facts, I'd call it a crime, which should be reported to the police (plus you'd have various civil causes of action, meaning grounds for a lawsuit). However, if you got into some kind of dispute with the seller and/or manager, they might have a completely different version of the facts that supports their actions. If you are in a "bad blood" situation, it would be best to first schedule a consultation with an attorney handling contract or business disputes.
Barbara Billiot Stage agrees with this answer
A: Civil theft comes to mind if the account was current and the seller had no basis to repossess the business.
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