WE were in negotiations to sell our small business to a larger company. Contracts were exchanged, we accepted their offer, had more than $5000 worth of legal work done, and were waiting for them to return the final contract to us for our signature. Emails and phones calls were exchanged and by the end of June 2011, we were told the contracts would be complete in the next few days, and the purchasing company wanted to close in the first week of July 2011. We had slowed down our business activities to prepare for the change over, and held on to additional rental space to accomodate the increased inventory caused by slowing our business. Then at the last minute the purchasing company pulled out of their deal, leaving us with excess inventory, additional rent expencess, and tremendous legal fees. WE are now struggeling to survive. Do you think we have a course of action based on Promissory Estoppel law, and the facts I have laid out here?

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