Q: Does a handshake contract of me keeping a business running until it’s sold for compensation of $100,000 stand up in cour
I have worked for this business for 29 years took nine months to sell and that time I worked way more hours and couldn’t take off for anything now he says that they’re probably only $20,000 to give me
A: In general, under Missouri law, contracts may be oral. In general, it is easier to enforce written contracts because if both sides sign, the terms are those of the document. There is an exception to the rule. Certain contracts must be in writing. It’s called the “statute of frauds”. Enough money is at issue that it would be wise to meet with an attorney to go over the facts and provide you with legal advice and options.
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