Ask a Business Lawyer. Get Business Law Questions Answered ASAP.
Although we had already provided him with 3 previous years financials, we did not provide updated financials for that current year within 20 days, his contracted deadline. But I had informed him that we were working with an IRS revenue officer to alleviate a lien, and that we needed time to work that out first before proceeding. That is the reason that we delayed in providing paperwork. We were very much consumed with the paperwork requirements the IRS was placing on us.
On a side note, in the first year of our contract with him, he only brought one prospective buyer. Is abandonment an avenue we can pursue, as he was not in contact with us for a number of months after the onset of our contract?
DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.
The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).