2 ms·
I suppose the lesson learned is always pay for your own attorney, even if it is just to review what the other guy's lawyer did. This also caught a lot of peopl
by thejteam 14y ago
I suppose the lesson learned is always pay for your own attorney, even if it is just to review what the other guy's lawyer did.
This also caught a lot of people in the housing boom, when mortgage companies didn't properly explain terms to people and then had them use an attorney the mortgage company paid for. More than one person had the question "what's a balloon payment?" 5 years after the mortgage was signed.
My only advice going forward would be to see your own attorney over this, preferably one that has experience in company formation and dissolution. Take all of the paperwork with you, as well as contact info for the other guy's attorney.