Additional Information: We signed a P & S with the sellers which had multiple items that were supposed to be completed by the seller prior to closing. They did not complete the work and now refuse to return our deposit money.  What are my legal rights? ATTORNEY ANSWER: One needs to look at the terms of your purchase and sale agreement. If terms of your purchase and sale agreement are silent on damages, you have a couple of options on how

Additional Information: Seller of property refuses to meet closing dates.  I have spent so much time and money on this and the sellers are just refusing to actually sell this house. Can they do this?  What are my legal rights? ATTORNEY ANSWER: First, you need to look at the terms of your purchase and sale agreement. Typically, however, real estate purchase and sale agreements do not contain provisions concerning a buyer’s damages in the event of a breach by the seller.

Additional Information: How do I go about selling my business and making it legal?  Specifically, I’m interested in knowing how to transfer ownership of assets and accounts receivable/payable.  Thank you. ATTORNEY ANSWER: In selling your business, the deal is typically structured as either an asset purchase or stock purchase, although there are other methods to structuring the deal. In an asset transfer, the buyer does not purchase the business itself, it just purchases the assets. Most buyers prefer this method because

Additional Information: I want to raise money for my business and specifically bring on partners who are willing to invest in the company.  How should I structure the business to protect myself and be “fair” to myself and potentially 3 partners? ATTORNEY ANSWER: In determining what type of business entity is most suitable for you and your partners, I would really need more information as there are a number of complex issues involved depending upon the facts of your business and

Additional Information: The seller is unable to find a replacement property by the time the sixty day escrow closes. They have requested an extension of thirty days. If we do not agree to that extension, will we lose the appraisal fee, the home inspection fee, and our deposit? ATTORNEY ANSWER: In order to answer this question, I would really need to review the terms of your purchase and sale agreement as well as your commitment letter with the bank and contract