M
mortyrb
Guest
What is the name of your state? utah
background: i was divorced in april 1994 and had to sell my home because of a career move. i signed a private agreement with my x-wife that i would pay her a portion of the profits after the sale. the home sold in april 1996 and i paid her a smaller portion of the proceeds then we agreed upon. she did not pursue the remaining portion of the agreed amount until now (13 march 2003). the contract was not part of the divorce decree but a side contract in order to get the home in my name. the contract reads " when i sell the property at said address, i agree to pay x-wife $$$ from the profits. if after ten years i do not sell said property, i agree to pay x-wife $$$ from other sources. (names and amount withheld)
my problem: she just sent me an unofficial letter asking for the remaining portion of the agreed amount-it has been almost 7 years since the home sold.
my question: is the contract past the statute of limitation in utah for her to legally collect the remaining portion of the profit.
background: i was divorced in april 1994 and had to sell my home because of a career move. i signed a private agreement with my x-wife that i would pay her a portion of the profits after the sale. the home sold in april 1996 and i paid her a smaller portion of the proceeds then we agreed upon. she did not pursue the remaining portion of the agreed amount until now (13 march 2003). the contract was not part of the divorce decree but a side contract in order to get the home in my name. the contract reads " when i sell the property at said address, i agree to pay x-wife $$$ from the profits. if after ten years i do not sell said property, i agree to pay x-wife $$$ from other sources. (names and amount withheld)
my problem: she just sent me an unofficial letter asking for the remaining portion of the agreed amount-it has been almost 7 years since the home sold.
my question: is the contract past the statute of limitation in utah for her to legally collect the remaining portion of the profit.
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