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It was definitely just a verbal agreement with a few aspects agreed upon via email, but nothing formal. He definitely understood the arrangement and expectations--that were mostly set by him. There was not a strict payment schedule--just the idea that we buy a load of square hay bales in KS or MO and sell them in the Denver area. I would get a percentage of each load sold with the expectation that we'd be buying our first load by early June and haul 7 to 9 loads per month. He also understood an August 1st deadline to at least get our first load purchased. (Communicated on phone and in text messages...again, no formal contract.) I also gave him $3,360 cash to buy the first load of hay. That was over a month ago. He keeps having excuses for why he can't go pick up our first load. Everything from he got injured from being bucked off a horse to high blood pressure and now "the hay market is not good so we need to wait". ...and I might even be OK with all of that if he would simply shoot me straight and communicate. He went 14 days without responding to my text and voice mail. It has become obvious that he is lying to me about most everything. I know I'm going to lose big time, but I'm hoping there is at least a way for me to repo the rig.
So I would say yes the agreement was "established" in that no doubt we both understood the plan and expectations. So yes, he has breached that agreement. I have not made a formal written demand. Is that my next step? Do I have an attorney help me write that?
Excellent. This is what I will do. Can you help me understand how to start a repo process? Does this start with an attorney? I mean, I assume the repossessor has to have something solid that lets them know I have legal right to reposess the rig.
Thanks so much for the positive rating and generous bonus, it is very much appreciated!
It was my pleasure to work with you and help with your question. Please feel free to ask for me if you need help with anything in the future and I will do everything I can to help or get you to someone who can.