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How to decline business deal?

I'm starting a business and I'm looking for another business to work with. I've come to see that they are no longer beneficial to my business. They have helped me accomplish some goals, but was never agreed that it was part of the deal. I asked for help and they accepted to help me. We came up with one final agreement, but I still want to opt out. Nothing has been writing, it's all been verbal. I'm in Texas, I believe that verbal agreements are valid in court.

I respectfully declined their offer but they insisted that I do business with them. Once they saw that I wasn't budging they threatened to defame my name and business, talk to my other contractors and exploit me, accused me of being greedy, challenged my knowledge in business, used profanity, promised me that I would not succeed, and that they were going to sue me for wasting their time.

Up to this point they have not done any official work for me. They have not done anything that is part of the deal. They helped me interview candidates and call potential clients, but that was never defined to be part of the contract.

We are going to have a final meeting this week and I want to decline the final offer. Am I able to to do this? Again, nothing has been in writing.

2 Answers

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  • 7 years ago
    Favorite Answer

    You're pretty vague, but if their version of the agreement is at odds with yours, it's hard to make a verbal agreement stick. The only way it could be binding is if they had neutral observers to back them up or if you admitted to this or that arrangement in court.

    It sounds like you're still in negotiation ("final offer"), so they don't really have a leg to stand on. If it's true that they haven't done anything under the verbal agreement, you haven't gained anything, so it would be hard for them to sue.

    When you meet them, bring along a witness, preferably somebody without a stake in the matter and who has some standing in the local area.

  • 7 years ago

    There is no way anyone can answer your question without knowing what the original agreement entailed. Yes. A verbal contract is binding in court if they can prove it.

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