Legal Question in Business Law in New Jersey

A month ago, I bought a vending machine route with a government contract and 8 vending machines. Seller claimed the business generates $750 a week. I currently have a note with the previous owner. I met with the city's Business Administrator, and he informed me that I must replace 2 vending machines or my government contract will be cancelled due to the poor service provided by the seller. Seller is not willing to restructure the contract and adjust the total price. Could I get out of this contract and get my down payment back?


Asked on 2/23/16, 5:59 pm

2 Answers from Attorneys
Frank Natoli Natoli-Legal, LLC

It will depend entirely on the terms of the agreement or whether this amounts to some bad faith, etc. But in all likelihood, this is not something you are going to be able to get around. That is, you had the right to negotiate terms to cover for unforeseen contingencies. If this amounts to a meaningful amount of money, it might be worth getting some legal help. Sometimes even if you do not have the strongest case, getting a lawyer involved can help bring about a resolution. Again, it really does depend.

If you would like to discuss further over a free phone consult, feel free to contact me anytime that is convenient.

Our firm is now referred by the American Bar Association (see under the New York section):

http://www.americanbar.org/groups/delivery_legal_services/resources/programs_to_help_those_with_moderate_income.html

Kind regards,

Frank

www.LanternLegal.com

866-871-8655

[email protected]

DISCLAIMER: this is not intended to be specific legal advice and should not be relied upon as such. No attorney-client relationship is formed on the basis of this posting.

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Answered on 2/24/16, 6:06 am
Roman Fichman Esq. Law Practice of Roman Fichman Esq.

It depends on the contract of sale you entered into, the representations that the seller made (oral or in writing) and the amount in deposit.

It's OK if you do not have a "proper" sale contract. emails and text messages and oral representations are all relevant.

Call me up and we'll go over your options.

Roman R. Fichman, Esq.

www.TheLegalists.com │ @TheLegalist

email: Info (@) TheLegalists (dot) com

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Disclaimer: This post has been written for educational purposes only and was not meant to be legal advice and should not be construed as legal advice or be relied upon. No intention exists to create an attorney-client relationship or any other special relationship or privilege through this post. The post may contain errors, inaccuracies and/or omissions. You should always consult an attorney admitted to practice in your jurisdiction for specific advice. This post may be deemed as Attorney Advertising.

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Answered on 2/24/16, 8:39 am


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