Purchaser Default
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Dec 24, 2008 1:59 pm
I sold my book of business just under a year ago. The buyer was to pay in 3 installments…the second of which is due in February. Based upon calls not being returnd, I have a suspicion the buyer is contenplating not following through on the remaining installments.
Does anyone have expertise in terms of my recourse options? I actually sold to his corp, which is a very viable entity. Although not spelled out in the agreement are there any FINRA/arbitration options? Thank you in advance foryour input!No offense, but dumb question to post on here. Just consult an attorney. I doubt FINRA has any jurisdiction over it.