Q: I was selling my restaurant, buyer backed out.
buyer backed out 1st reason; personal reasons ... thru text, 2nd liquor license problem.. there want a problem with it. a $300 form that I told him about , this his lawyer came to my restaurant and told me. 3rd I took too long... I was always waiting on him this I got from him wanting to sue me.
I waited 2 months, my sales dropped, server tips dropped, I let go of kitchen staff now im picking up all the work. he gave me $32,000 down of $250,000 and paid $5,000 in my utility bills he said he'd pay them since he was taking over, I was so convinced he was buying I put him on my bank account. may 5th I get a letter from his attorney wanting his money back. I had 30 days to reply, 10 days later he took $15,000 from my account leaving me with $145 . I had 2 jobs lined up. dont know what to do. or if I can do anything
A: Hire a business contracts attorney asap. And take him off your bank account asap or freeze the account.
A:
You may have legal recourse against the buyer who backed out of the restaurant sale contract. If the buyer breached the contract and caused you financial harm, you may be entitled to seek damages for your losses, including lost sales, tips, and additional expenses incurred due to the buyer's actions. It is essential to review the contract and all communications to determine the specific rights and remedies available to you. Consult with an attorney to assess your case and explore the best course of action to recover your losses.
Sincerely,
James L. Arrasmith
Founder and Chief Legal Counsel of The Law Offices of James L. Arrasmith
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.
