Employment and Contract breach

Business Law

Question

I sold my company for cash and a promissory note payable over 72 months, after 4 months I was indicted for fraud and immediately fired. now they say they are going to keep my note to off set losses. I did not lose my license and could still work but they chose to terminate me. they said the note was mine and no one could take it now they are. what can I do? is this legal?

Cost: Free

United States  |  Missouri  |  63501  |  Business Law

12/21/15, 10:00 am

Answer

First, contact an attorney and seek representation. Missouri is an “at-will” employer so your indictment is a reason they can fire you. The other issue is what is the fraud you are accused of. If it is related to the business then they will try to hold it and you need to sue them for breach of contract. So you need to seek counsel to protect your interests, both monetary and penal.

Richard Simons
Speedingticketkc.com
5525 Rockhill Rd.
Kansas City, MO 64110

www.speedingticketkc.com

https://twitter.com/speedingticketk

https://www.facebook.com/SpeedingticketKansascity

https://plus.google.com/+Speedingticketkc/

All information provided by this site, including summaries and articles on legal topics, is general in nature and provided for informational purposes only. This information is not intended as legal advice, and should not be taken as such. Legal advice involves an attorney’s application of legal knowledge and judgment to specific facts and circumstances presented by a client. Before providing specific advice, a lawyer may need to conduct legal research and/or obtain additional facts. Nonlawyers should therefore not draw conclusions about what may be legally required, permissible, or advisable based solely upon consultation of general sources of legal information, including this and other law firm websites, without first seeking appropriate legal advice.

Feedback

  Comments: 2

  1. attorney for business kansas city


    Is it OK to post on Linkedin? I love what you guys tend to be
    up too. Keep up the fantastic work!

Your feedback