Hello my name is ***** ***** I am happy to help you today. Did you get anything in writing regarding the agreement?
Hello Jenny, yes we have a 'business agreement' written up by the previous owners accountant.. I was very naeve as they told me " we don't need to get anyone else involved as our accountant has written up a brilliant agreement for both of us" I paid £75 which was half the cost but they asked me to hurry to get it signed and send it back the next day as time was of the essence. Since taking over the business it's clear the agreement is all in their favour and very unfair but being so excited and having to rush I signed it without taking a really long hard look over it.
Sorry for the delay. Did you pay the accountant directly for this advice?
Hello Jenny, No Louise and Simon ( the previous owners) said " no need to get anyone else involved we've had an agreement written up by our accountant Clive he's been really good to us, only charged us £150 so we can pay half each" - They paid it ( I don't even know who it is!) then I gave £75 to Simon when he came down to me on 1st Sept.
well in the future you must be sure to get your own legal and accounting advise but I know you will already be aware of that. If you can demonstrate that you entered into the contract based on a misrepresentation or that they are in breach of contract by virtue of the fact that the business is not doing as well as they stated and you can demonstrate that this was a term of the agreement then you may be able to get out of the contract and you may be able to sue them for damages in breach of contract. This is a complex issue though and given the sums of money involved and potential liability to you it would be wise, at this stage, to seek specialist legal advice.
If you have household insurance this often covers free legal advice insurance so this is definitely an option. If this fails then I would highly recommend seeing a local solicitor who specialises in litigation. This is one of those situations where a solictiors letter may get them to back off.
If you have any further questions please do ask. If I have answered your question I would be grateful if you would take the time to rate my answer. Thank you and all the best.
thank you so much Jenny. Yes I don't think I will ever be signing on a dotted line again without seeking legal advice! thanks for your help.