QUESTION
Can we hold stock certs until final payment is recieved?
Asked on Aug 25th, 2016 on Business Law - California
More details to this question:
We r selling our business and the buyer is making payments to us for 2 yrs. we told them we would hold the stock certs until final payment is recieved. Can we legally do this
1 ANSWER
2 Awards
The agreement can certainly be structured in a way that allows you to hold onto the stock certificates until the final payment is received. Has a contract for the sale of your business been prepared?
Answered on Aug 30th, 2016 at 9:13 AM