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How do you enforce a business contract?

We sold our business to another company based on a contract that laid out terms for payment in regular installments over a couple of years. After a few installment payments, the company stopped making payments. How can we enforce payment?

Absent an arbitration agreement in the contract (or a written consent to arbitrate signed by all of the parties), you may enforce the contract by bringing a lawsuit in the appropriate court.  The court and its location will be determined by the locations of the parties, where the contract was negotiated and/or signed, and/or where the contract was to have been carried out.

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