QUESTION
Is a contract void if it stated that it would be notarized but was not notarized, just signed by the two parties involved?
Asked on Nov 03rd, 2012 on Contracts - Washington
More details to this question:
We sold our partnership in a company and the contract was signed by both parties, however it did state it would be notarized but we did not get it notarized. We are ready to go ahead and repossess the collateral since we have not received any payments which are now overdue. They have been contacted multiple times and have chosen to ignore our attempts to communicate and the contract did specify exactly which items are collateral if payments are missed, late, etc.
1 ANSWER
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Notarization is not required for the validity of a contract. Your rights to repossess collateral may depend on the security agreement with the debtor, it creation, attachment and perfection. You probably should be consulting a Washington lawyer for guidance, especially if your contract had an attorney fee provision.
Answered on Nov 04th, 2012 at 11:06 AM