What are my options if I sold my restaurant about 4 months ago but the buyer has not made any monthly payments as noted in our notarized agreement?

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What are my options if I sold my restaurant about 4 months ago but the buyer has not made any monthly payments as noted in our notarized agreement?

Asked on November 19, 2012 under Business Law, Florida

Answers:

eric redman / Redman Ludwig, P.C.

Answered 12 years ago | Contributor

I assume you can declare a default and ask for money and/or your business back, but it really depends on what you written agreement says.  you will likely need a lawyer to review it and tell you optoions and assist you in pursuing them.


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