Business Sale Dispute Resolution

Summary

If there was no initial written agreement, proving consent or authority may be difficult. The signed contracts terms are crucial, especially regarding arrears and VAT. Damage to the shop before contract signing could be a separate issue. Consulting a solicitor for specific advice on your case is advisable. Consider connecting with local lawyers for further guidance.

Full Conversation

Hi, ok so I tried selling my business to Jubed Ali, he went into the shop and basically destroyed the shop this was done with no contract in place or no consent from the legal owner, the manager who has no legal power gave the keys to Jubed in front of me the legal owner, I agreed to him getting designers in but didn’t agree to structural works getting done, anyway he damaged the shop, we told him the lease had 5 years left but we made a mistake it had *.5 years left on it, so we wrote a new contract and under clauses *.* we mentioned all arrears to be cleared except vat he agreed and him and his witness signed the contract to take the shop we gave him 7 days to do any due diligence then on day * he said he’s not taking it as he don’t want to pay for the vat so on this basis we didn’t clear any arrears as we knew he’s backing out, do we have a strong case here?
Hey ****, it sounds like a complex situation. Here are some points to consider:
- If there was no written agreement initially, it might be challenging to prove consent or authority.
- The signed contract is crucial, particularly the agreed terms and conditions.
- The damage to the shop before contract signing could be a separate issue from the sale.
It might be beneficial to consult a solicitor for specific advice on your case. Are you interested in being connected to local lawyers for further assistance?