Does a hand shake mean anything

Discussion in 'North West' started by Hand shake, Feb 14, 2020.

  1. Hand shake

    Hand shake UKBF Newcomer Free Member

    2 0
    4 years ago i was asked what would it take to keep me with my employee as they had wind i had been approached with an offer of alternative employment i asked for a 3% share in the firm and after 7 months this was agreed by my boss i met with the company accountant to sort out details and all was going thru as agreed Then he gifted the company to his family althou they were part of the agreement they had since said they cant deliver the agreement and the biss just says its not his company anymore question is it a matter tough they dont have to honor anything or seek more advice thanks
     
    Posted: Feb 14, 2020 By: Hand shake Member since: Feb 14, 2020
    #1
  2. simon field

    simon field UKBF Big Shot Full Member - Verified Business

    4,794 1,758
    What does the accountant say about it?
     
    Posted: Feb 14, 2020 By: simon field Member since: Feb 4, 2011
    #2
  3. Mr D

    Mr D UKBF Legend Free Member

    24,482 2,976
    You have a contract.

    If all you have is verbal and a handshake then you may have more difficulty than if you have paperwork.

    Not following what happened after the 7 months. Anything happen then, anything in the next 3 and a bit years?
     
    Posted: Feb 14, 2020 By: Mr D Member since: Feb 12, 2017
    #3
  4. Hand shake

    Hand shake UKBF Newcomer Free Member

    2 0
    Cheers going to get advice
     
    Posted: Feb 14, 2020 By: Hand shake Member since: Feb 14, 2020
    #4
  5. Mark T Jones

    Mark T Jones UKBF Big Shot Free Member

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    A handshake means nothing - but there might well be a verbal contract in place

    the problem with verbal contracts is they often boil down to an argument about who said what.
     
    Posted: Feb 15, 2020 By: Mark T Jones Member since: Nov 4, 2015
    #5
  6. Newchodge

    Newchodge UKBF Big Shot Free Member

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    The other problem is that they are not worth the paper they are written on.:p
     
    Posted: Feb 16, 2020 By: Newchodge Member since: Nov 8, 2012
    #6
  7. antropy

    antropy OpenCart Experts Full Member - Verified Business

    3,668 629
    No paperwork, no deal. I am sure you have lost a lot of respect for said person but at the end of the day if it was never in writing. Alex
     
    Posted: Feb 19, 2020 By: antropy Member since: Aug 2, 2010
    #7
  8. MikeJ

    MikeJ UKBF Big Shot Free Member

    5,839 1,724
    Any email correspondence, even with the accountant? Anything to back up your claim? If the accountant is worth his salt, he should admit what he knows, but that may be limited to starting the paperwork. He may not have been aware it was an offer to keep you on board.
     
    Posted: Feb 26, 2020 By: MikeJ Member since: Jan 15, 2008
    #8
  9. Karimbo

    Karimbo UKBF Ace Free Member

    1,995 205
    The owners pay the accountant, they're not going to step in to oppose their clients. At best they'll stay silent and plead ignorance and not know anything. At worst they'll lie to the benefit of the current owners.

    You should have got this in writing beforehand
     
    Posted: Feb 27, 2020 By: Karimbo Member since: Nov 5, 2011
    #9
  10. Chris Ashdown

    Chris Ashdown UKBF Legend Free Member

    11,899 2,476
    Now is a good time to walk the walk or negotiate with the new owners

    What value is there in 3% of this company
     
    Posted: Feb 27, 2020 By: Chris Ashdown Member since: Dec 7, 2003
    #10