Kansas | Business Law
11/14/09, 2:50 pm
Legal Question
I bought a small service company in MO. The contract was signed in KS where both byer and seller live. The customer contracts are listed in the asset purchase agreement and he said they are in the office files. After the sale of which contracts were to be delivered at the closing he stated they are in the files in the office. They were never found and some monthes later he admits that they are handshake contracts between him and the customers. The customers will not honor the contracts with me as they are between them and the seller. What I now have bought is a few hard assets and no goodwill or contracts.
Can a person sell a handshake contract without the other parties knowledge? Do I have any legal recorse?
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