Business Deposit Dispute Resolution

Summary

Without a signed contract, returning a deposit depends on how it was used and the terms of any oral agreement. If the deposit was spent on non-refundable job-related expenses, you might not be liable to return it. Oral agreements can be enforceable but are harder to prove. Reviewing the specifics with a local attorney is advisable to understand your obligations and protect your interests.

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If my business get a bid and it was accepted and I was given a down payment for the job and spent the down payment on materials and equipment for the job and was fired a month in is my company liable to return the deposit
Hi Jeff! It depends on the terms of the contract you have with the client. Generally, if the down payment was used for job-related expenses and the materials or equipment were non-refundable, you may not need to return it. However, you should review the contract terms or consult a local attorney for detailed advice.
In which state did this occur?
I did not contract in Washington State they did the deposit that I asked for
Jeff, based on what you've shared, it sounds like you may not be liable to return the deposit if it was used for job-related expenses and the contract terms don't specify otherwise. However, it’s crucial to review your contract closely.
Did the contract specify any terms regarding deposits and refunds?
I will have to go over my contract but I never did get one signed they just gave me the deposit that I asked for
Jeff, if there's no written contract, the situation is less clear. However, generally:
- If the deposit was used for job-related expenses and those items are non-refundable, you may not need to return it.
- Oral agreements can still be enforceable, but they are harder to prove.
Consider consulting a local attorney to review the specifics of your case. Is there anything else you need assistance with?
No that's it thank you
Jeff, it seems like your situation could benefit from legal advice, especially given the lack of a written contract. Consulting a local attorney would be a good step to clarify your obligations and protect your interests.
If you have any other questions in the future, feel free to reach out. Take care!