Representing Buyers or Sellers in Failed Business Acquisitions
So many things can go wrong in a transaction for the purchase or sale of a business that sometimes it's a wonder that such deals are ever successfully completed. At Grumer & Macaluso, P.A., our Florida business litigation attorneys represent parties on either side of a broken transaction involving the purchase or sale of a business as a going concern, business assets, or control of closely held company. Contact us in Fort Lauderdale to learn about the most effective strategies for protecting your interests when a business acquisition falls through.
Business sellers frequently end up in litigation in one of two ways: It might be necessary to go to court to enforce the buyer's commitment to pay the purchase price on the terms agreed at closing. Alternatively, the buyer might assert claims against the seller for misrepresentation or nondisclosure if the profits fall short of what was expected, if assets supposed to be transferred with the business are missing, or if undisclosed liabilities or litigation risks come home to roost against the new owner. In many cases, both kinds of claims are raised in the same lawsuit.
Buyers of businesses might also encounter problems with holdover managers or consulting arrangements with the seller or its principals. Additionally, sellers have also been known to violate noncompetition or non solicitation agreements, or continue to use customer lists and proprietary data that should have changed hands at closing.
Our civil trial lawyers combine advanced litigation techniques and evidentiary skills with a practical approach to dispute resolution that takes full advantage of our experience with failed business sales in a wide variety of industries: health care, real estate, construction, retail and the professions. We also advise franchisees about their rights and practical options in failed franchise acquisitions. Our objective in each case is to help our client minimize its exposure to loss while realizing its rights under the agreement to the greatest degree possible.
Florida Trial Attorneys in Failed Business Sale Litigation: Call 888-587-5549
For additional experience about your legal options for protecting your interests on either side of a troubled business sale transaction, contact Grumer & Macaluso, P.A., in Fort Lauderdale.
