Buffington Law Firm's business litigation team has handled numerous breach of contract lawsuits arising from the purchase and sale of small businesses. One of the most common scenarios for breach of contract and business litigation disputes derives from transactions involving the purchase and sale of a small business. Many Americans dream of financial independence through ownership of one's own small business. Buying a small business, perhaps through a business broker, often appears to be a quicker way of realizing this dream than starting one's own business from scratch. And indeed, it can be.
Buffington Law Firm's business trial lawyers have frequently dealt with lawsuits deriving from business disputes involving the purchase and sale of a business. These lawsuits typically occur when the buyer believes that the seller concealed or misstated some material fact concerning the nature of the business. Alternatively, the buyer may simply not carry out some of his or her obligations set forth in the purchase contract, such as making installment payments against the purchase price if the contract calls for this. In either context, litigation is common.