Does a buyer have any right to demand a refund on the business after all is said and done? It’s been a month out and everything was left in workable conditions even replacing some equipment and inspections were all passed on the seller’s side. The agreement only included payment terms and a list of inventory.
When it comes to a signed purchase agreement, it is typically not possible for the buyer to cancel the agreement, unless the seller explicitly allows a refund under certain conditions, as specified in the contract. Check out this article for specific state-by-state laws on purchase agreements and refunds.
While I’m not a legal professional, my understanding is that the buyer’s case will depend on the wording of the contract, and whether or not you delivered everything that was promised.
315 Madison Avenue, 24th Floor
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