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Deals & Cases

Claim for the Price of a Business Transfer

Daejeon Attorney Office | A Daejeon Attorney Who Recovered the Full Amount of a Company's Business Transfer Payment

The client, who had transferred an LED lighting manufacturing company but had not received more than half of the transfer payment, requested assistance from a Daejeon attorney regarding a civil lawsuit.

CONTENTS
  • 1. The Client's Situation
    • - The Issues in the Case as Identified by the Daejeon Attorney Office
    • - The Business Transfer Payment Claim Lawsuit Explained by the Daejeon Attorney Office
  • 2. Assistance Provided by the Daejeon Attorney Office
  • 3. Result of the Daejeon Attorney Office's Assistance: Winning the Case

1. The Client's Situation

The client was the representative of an electronic parts manufacturing company.

The client had entered into a comprehensive business transfer agreement with the defendant, the representative of an electronic parts import, export, and distribution company, to transfer the entire business related to the LED lighting manufacturing business that the client operated.

Accordingly, the client transferred the entire business, including stocks, employee employment, lease agreements for the manufacturing plant and employee dormitory, and equipment.

However, the defendant had received the entire business but had not paid more than half of the transfer payment to date.

The client therefore came to an experienced Daejeon attorney office and requested a consultation in order to recover the transfer payment through a civil lawsuit.

Daejeon Attorney Office Transfer Payment Claim

The Issues in the Case as Identified by the Daejeon Attorney Office

The Daejeon civil attorney who conducted the consultation analyzed the case and quickly identified the issues in the client's case.

First, the key issue was that the defendant had not paid more than half of the transfer payment even though the client had performed all of the obligations under the business transfer agreement.

In addition, whether the defendant's reasons for delaying payment of the transfer payment constituted a breach of contract was also important.

Accordingly, the Daejeon civil attorney established a strategy to clearly prove the defendant's payment obligation based on the evidence submitted by the client, including the contract, transaction records, and conversation records.

The Business Transfer Payment Claim Lawsuit Explained by the Daejeon Attorney Office

A business transfer payment claim lawsuit is a lawsuit filed when a business has been comprehensively transferred but the payment has not been properly received.

In such lawsuits, the terms of the contract and whether the parties performed their obligations are treated as important.

Accordingly, the Daejeon attorney office closely reviewed the contract and prepared the relevant evidence to prove that the client had performed all of the contractual obligations.

In addition, by emphasizing that the defendant had not complied with the contractual obligations, the office claimed payment of the full amount of the unpaid transfer payment from the court.

2. Assistance Provided by the Daejeon Attorney Office

The Daejeon attorney office provided the following assistance so that the client could recover the transfer payment that had not been paid.

The Daejeon Civil Attorney Analyzes the Contract Terms and Proves Performance of Obligations

The Daejeon civil attorney thoroughly reviewed the business transfer agreement and the related materials.

Through this, the attorney proved that the client had performed all of the contractual obligations and clearly emphasized the defendant's payment obligation.

The Daejeon Civil Attorney Collects Evidence and Submits It to the Court

The Daejeon civil attorney submitted objective materials, such as transaction records and conversation records, to the court to prove that the defendant had not paid the remaining transfer payment.

In addition, the attorney specifically explained that the defendant had not complied even though the client had requested payment several times.

3. Result of the Daejeon Attorney Office's Assistance: Winning the Case

The court granted the client's claim in full, accepting the arguments and evidence prepared by the civil attorney of the Daejeon attorney office.

Accordingly, the defendant received a judgment ordering payment of the entire unpaid transfer payment, and the client was able to resolve the dispute amicably.

If You Have Not Received Your Contract Payment

The above case involved a client who came to a 🔗Daejeon Attorney to claim payment of a business transfer amount.

Because disputes related to business transfer agreements involve the complexity of the contract and various legal issues, the help of an attorney is needed.

Drawing on extensive experience in a wide range of corporate legal matters, the Daejeon attorney office provides legal advice and assistance, including 🔗contract review, risk management, and handling of litigation procedures for contract-related disputes.

If you are in a difficult situation because you have not received your contract payment as described above, please entrust your case to us at any time through a 🔗legal consultation reservation.

대전변호사사무실

This content is based on actual case studies of Daeryun Law LLC with some adaptations, and the copyright belongs to our firm.
Unauthorized reproduction, duplication, or distribution and other copyright infringements may result in legal action under applicable laws.

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