Selling a business
Discussion
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 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??
The demand is based on a notional selling price it must be as I have not sold it
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.
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 ETA Be very careful not to re-acknowledge any debt through any communication.
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 ETA Be very careful not to re-acknowledge any debt through any communication.
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