Please help!!!!
I have a fashion company which is California C Corporation with 2 DBAs with less than10 employees.
One of the fashion brand (DBA) is closed permanently as of this month.
However, the closed brand(DBA) has ongoing magazine advertisement contract.
1.7 issue / year – they already placed our ad for 3 past issues and 4 more future issues are pending.
2.Contract is under DBA name, not the Corporation name.
We seized operation completely, the department is closed, and employees are no longer with company. At this point we really don’t need any advertisement.
What should we do?
Do we still have obligation for this contract?
Can they still force us to put future ad for non-exist fashion brand?
2006-07-18 12:53:57 · 2 answers · asked by Anonymous in Business & Finance ➔ Small Business
You may find some useful and valuable information available in my "protect and grow" yahoo360 blog for you situation. Since the 4 future adds are of considerable costs this might be a better alternative as well as give you access to some other great benefits...
Good luck with your situation....
2006-07-18 12:57:41 · answer #1 · answered by mallicoatdd 4 · 0⤊ 0⤋
it's a legal contract you can't back out of it unless the company you are doing business with for advertising is willing to terminate the contract. sometimes you will have to pay a fee or else they wont terminate the contract.
2006-07-18 13:13:02 · answer #2 · answered by rockdstarchick 2 · 0⤊ 0⤋