Selling a business

[HIS LM]

528Sport said:

You said in an earlier post no selling price was discussed.

If they didn't discuss selling price with you they can't simply come after you for commission owed, I would assume that the commission is percentage of selling price and not a fixed fee??

Sorry I should have said agreed not discussed I cannot remember if the commission is % or fixed
The demand is based on a notional selling price it must be as I have not sold it

[richardxjr]

I'm all for fighting stuff on my tod, but in this case it really does need a solr firing a letter over the bow.

Otherwise they'll just keep upping the pressure and you will eventually need one and it will cost you more.

[Steffan]

anonymous said:

[redacted]

Tonker is absolutely right on the probable terms from this crowd. If you agreed the terms and they carried out work on your behalf securing a possible sa;e then the resulting invoice does not surprise me.

Could be a Solicitors letter will stop this but I doubt it. I think you will have to either fight your corner against what appears to be a possible determined claim and hope for a settlement prior to court for a much reduced sum or see this through. From all the details it would seem unlikely that this crowd will give up easily. I hope this works out for you. Good luck.

[HIS LM]

richardxjr said:

Yes 6 years since you ever/last acknowledged the debt. Limitation Act 1980. Ignore if so.

ETA Be very careful not to re-acknowledge any debt through any communication.

Could somebody elaborate on this limitation - I have not acknowledged the debt in 6 years so does this stand

[Steffan]

HIS LM said:

richardxjr said:

Yes 6 years since you ever/last acknowledged the debt. Limitation Act 1980. Ignore if so.

ETA Be very careful not to re-acknowledge any debt through any communication.

Could somebody elaborate on this limitation - I have not acknowledged the debt in 6 years so does this stand

There are a number of qualifications to the Statute of Limitations Act effects. To give advice we need detailed information ( or at least attempt the advice??). A timetable setting out the timeline/events would suffice. Correspondence and letters of admission or similar might affect the effective outcome. There can be recognition of the debt by correspondence which might negate the limitations.

[DSLiverpool]

What happened ?

[HIS LM]

DSLiverpool said:

What happened ?

Case closed - PM me for full story

[bad company]

HIS LM said:

Case closed - PM me for full story

Can't you post some details of how it ended?

[Zoon]

bad company said:

Can't you post some details of how it ended?

Yes I'd be interested in this also.