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Im buying the business from someone and the terms of contract are up. I have been making all vendor finance payments and have even made this months
the offer to purchase the business on vendor terms
does not look like it. I can email you a copy of what I have signed if this helps??
Hi you have still not answered my question????
I emailed the paperwork over last week. Not very happy.
that is correct. I have been trying every where to get finance and am still trying as we speak. BUt as I have no house and bad credit its proving to be hard.
In that case what is likely to happen is that the vendor will likely sue you for breach of contract for the outstanding amount owed. Unfortunately in that case, he will be able to go after your assets and property (if you have one).
I'm sorry, and I wish I had better news for you. I realize that this answer may not be entirely to your liking, and I regret being the bearer of information that you really don’t want to hear.
But it would be unfair to you and unprofessional of me if I were to provide you with anything less than truthful and honest information.
As such, if you are satisfied with my effort in answering your question, then I'll ask that you please provide positive feedback.