Helotes, TX asked in Business Law and Communications Law for Texas

Q: Verbal agreement

If my father and I have been working to purchase a business and don't have a written contract but there are communications between us in email and text. Now we don't see eye to eye can I remove him from continuing to pursue the business while I continue on to purchase it without him?

We have not signed an agreement between each other. We are still trying to find an investor

1 Lawyer Answer
John Michael Frick
John Michael Frick
  • Frisco, TX
  • Licensed in Texas

A: It depends on whether you and your father have an actual verbal agreement or have just been "working to purchase" the business and whether your father has incurred any costs in reliance on any promises you have made.

To determine your best strategy to disengage with your father, you should have an experienced attorney review all of the texts and email communications you have had with your father and tell the attorney in detail all of the verbal discussions you had with your father.

You may want to have an attorney draft a written release between you and your father concerning the contemplated transaction.

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