Georgia  |  Business Law

Legal Question

Asked on: 3/13/13, 5:00 pm

Asset Purchase agreement. I purchased a small businesses assets for $35K. Part of the purchase was equipment and the other part was the knowledge transfer for the use of the equipment. After the contract was signed, money exchanged...about 24 hours later I found out that their "experts" actually had no experience in using the equipment and that they would "figure it out". My decision to purchase was based on the fact I was told their staff would train me and knew what to do. The purchase would never had been made otherwise. I feel the seller misrepresented the opportunity and I do not feel this agreement should remain in place.

Can the contract be voided because of this misrepresentation? How hard would it be to prove?

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