what action should be taken when seller decides to break a sale agreement?
Question Details: we had a sale agreement of liqour license and 5 days before the transfer of license was going to take place, the seller came to us and said that he dosent want to sell it to us now. we told him that we would like to continue the sale
It sounds like you actually had a contract (a "sale agreement"). If so, you can sue to enforce it. Depending on circumstances, how your state treats liquor licenses, etc., you may either be able to force the sale to happen, or at least get monetary damages reflecting the value of the license.
