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I am looking to buy the business from my current employer. I
My name is David. I am looking to buy the business from my current employer. I gave him a letter of intent from rocket lawyer. He agreed to the terms. He drafted up an Asset Purchase Agreement. In the second clause it reads,2. Purchase price for the sale of assets is $35,000.00 to be paid as follows:$3000 at closing, $1,000 per month for 32 consecutive months starting on September 1, 2016 Interest is set at 6%, and will be calculated on the unpaid balance each month, and paid after the completion of consecutive mothly payments. Early payment(s) of balance owed can be made at any time at th option of buyer,The closing date shall be JUne 30, 2016.If calculated on the unpaid balance each month the when i make the first payment of $1000 the interest would be $1920, bringing my total amount due to 32,020? More than the original buying price Does this mean that each payment $1000 my new balance would end up even higher? In my calculations if i pay on the principle the second payment of $1000 would also hit me with another interest rate payment, this time being $1860 of accrued interest on the second payment? He has known for 18 months that he is selling the business and gave me 30 days to have it bought or lose my job. He will lose all of it if closes the doors on July 1st and i know that he is just trying to sneak this into it. If i approach him with anger im sure he'll take it off the table and if im sincere about it im sure he will say it was a mistake and fix it before i sign. Possibly trying to sneak another clause in somewhere. I need a lawyer to read the four page document and let me know what else might be wrong with it. We are supposed to sign on Tuesday June 28, 2016 and close on June 30, 2016. Also the company has share holders, "His two sons i believe," do i need thier signitures on the contract as well? I looked up the business at sunbiz.org and his name is ***** ***** name listed as the owner? Can you help or perhaps point me in the direction of a contract lawyer for a consultation by Moday June 27 2016. I can pay a fee for an hour of time provided it isnt through the roof.
A dominos delivery person refused to properly deliver my
a dominos delivery person refused to properly deliver my order. he wanted me to come outside to his vehicle. he did not give a reason for his behavior except that dominos requires drivers to stay in the vehicle when making deliveries. do i have a case?
I just 't have a good feeling about circumstances at my work
I just don't have a good feeling about circumstances at my work and I need a little help please. I work for a major bank in the Chicago area and I am a licensed banker. Recently a corporate investigator interogated me for about an hour with my branch manager present. The interogation was about an incident where I erroniously recorded the customer's drivers license expiration date during an account opening. The investigator tried to push me to say that I did it to boost my sales, but I am currently on a insentive guarantee program until September this year, so I told her that I had absolutely no intentions like that. I told her that it was just a stupid mistake with me not paying attention as I was typing fast. She threatened me with termination and or disciplinary action. There was no loss on either the customer's or the bank's end. I have no problem with paying the price for a mistake, but I just want to see what my choices are. Since this was not a investment related issue, should I worry about my U4/U5? Should I start looking for another job?
I signed my third lease apartment in Phoenix a few months
I signed my third lease for my apartment in Phoenix a few months ago. Ever since I moved in my A/C frequently breaks down. Either it leaks like a faucet or it freezes and blows warm air. I've had to call maintenance 8 times so far. Maintenance tells me that the units are old. I don't think that's MY problem if a working A/C is included in the rent. The apartments were built in 1995 and evidently the unit needs to be replaced. I don't even want to think about the possibility of black mold from all the moisture when it leaks. What are my options?
I rented an apartment in Feb this year, but the condo is a
I rented an apartment in Feb this year, but the condo is a mess, It's dirty.They do not clean up the common area. No body take care of the pool. People do stupid things in the pool area and nobody can do anything.Nobody clean the gym. If you get to the gym at the end of the day, you will find the belt covered of sweat.Since before my arrival they are working on a "bowling court" , which is covering the pool view that made me chose the apartment I am living today.The worse thing is that my option, when i signed the contract, was that I can not pay the penalty to cancel the agreement, I have to let them find someone to rent my apartment,and while it does not happen, I am obligated to keep paying the rent. I know it was a stupid decision, but I could not imagine such a mess.The condo is Citra at Windermere. If you search on google, you will find dozen of complaints about the condo.I just want to move out!
I live in San Diego, CA. I have a Personal Judgment filed
I live in San Diego, CA. I have a Personal Judgment filed against me. The Collection Agency has taken money out of my personal bank accounts several times. I have filed and opened an LLC and have established a new bank account for that LLC. Can the Collection Agency take money out of that account also?
My Husband and I have a small construction firm. We recently
My Husband and I have a small construction firm. We recently entered a verbal agreement with a gentleman to joint venture on a project. I would be responsible for the license and certification requirements and he would be responsible for the startup capital needed to cover a truck, office space and the initial payroll. Our company won the contract and we are two weeks from our start date. My dilemma is this; Last week he asked that I assign the contract to him for the sole purpose of his partner to transfer funds from an account that he would then transfer to the Business Operating Account I opened for this proposed joint venture. He has yet to deposit the funds or keep his side of the bargain. Now I have alarms going off because I trusted him and did the assignment. What can I do to stop this action? I need to halt any actions he might take due to my simply trusting his word. When I asked him to give me back the assignment, I was told that he would release it. He has done absolutely nothing and I am truly afraid of the consequences of my actions. What can I do?Too trusting in South Carolina
I own an S-Corp business and am private labeling a few
Hello,I own an S-Corp business and am private labeling a few products under my own name. I do not manufacture these products myself, I simply have the manufacturer apply my product label for resale. I am currently private labeling a handmade soap line and a water bottle line. I am wondering if I am legally responsible if a customer has a bad reaction to the soap or injures themselves on the water bottle. Who holds the liability with these products? The manufacturer or myself?
I filed a small claims case as Plaintiff with a form error.View more legal questions
I filed a small claims case as Plaintiff with a form error. My Defendants have been served.Defendant 1, a corporation.Defendant 1 - Agent for Service of Process.Defendant 2 - Individual (family) but associated in an unknown way with the business.All have same address.Defendant 1 was correctly entered on Form SC-100. I entered Defendant 2 on form SC-100A in error as an additional Plaintiff rather than an additional Defendant. The forms were served and delivered personally to Defendant 2 at the business address. May I and should I file a form SC-114. It may not matter, since the business is the primary defendant and has been served. Does it?