QUESTION
I have a business partner who will not honor our contract what are my options.
Asked on May 07th, 2014 on Business Law - New Jersey
More details to this question:
We have a corporation and a signed contracted stating our financial plan. He is trying to lock me out of the business and not pay our agreed sum. I want him to buy me out for fair market value. We have a lease with 6 months left on it and all utilities and such are in the corp name.
1 ANSWER
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If he will not honor terms of agreement, you will have to go to court to compel him to honor agreement. It would be best to consult with a business attorney first to review your rights and responsibilities.
Answered on May 15th, 2014 at 10:34 AM