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We recently sold our business and there was a five year

Hello pearl Lawyer's Assistant:...

Hello pearl

Lawyer's Assistant: What state/territory is this in? It matters because laws vary by location.

Hello Pearl we recently sold our business and there was a five year contract with an ATM in place. The purchaser gave us an undertaking that they would take on the Atm and we introduced the atm company to the new owners. Settlement has since occurred and now the new owners Have reneged on their agreement and we are let with two years still on the contract athe ATM company is threatening legal action.What are our options?

Lawyer's Assistant: What steps have you taken so far?

None we just received an email from the company today

Lawyer's Assistant: Anything else you want the lawyer to know before I connect you?

No I can’t think of anything just at present

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Answered in 5 minutes by:
3/21/2018
John Melis
John Melis, Lawyer
Category: Australia Law
Satisfied Customers: 3,336
Experience: Principal Lawyer at Legal AU Pty Ltd
Verified

Hi, my name is***** solicitor in Melbourne. Thank you for using Just Answer, and I will answer your question today, and ask various questions to narrow the issues in your post raised.

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do you still have a copy of the sale contract ?

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did the contract state the ATM in it ?

John Melis
John Melis, Lawyer
Category: Australia Law
Satisfied Customers: 3,336
Experience: Principal Lawyer at Legal AU Pty Ltd
Verified
John Melis and 87 other Australia Law Specialists are ready to help you
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Customer reply replied 4 months ago
I don’t believe so I would have to check to be sure

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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).

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