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You must have a valid contract in order for it to be legally enforceable. If the other party breached the contract then you need to file a lawsuit in a civil court of equity in order to recover damages.

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10y ago

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What does it mean to have a delinquent debt?

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No. The IRS doesn't do that. It is up to you to collect.


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This website, Law Depot, makes it very easy to create legal documents like purchase agreements: http://www.lawdepot.com/contracts/purchase-agreement-form/?a=t&ldcn=purchase They ask you to enter the details of your purchase agreement (like the seller's details, buyer's details, etc.) and when you submit the form, they give you a purchase agreement that you can copy and use for your business needs.


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