2007-02-13 08:02:32 · 3 answers · asked by Amy M 1 in Business & Finance ➔ Small Business
Maybe not. What does the contract say about survivability in the event of sale? If you are bound by provisions of the contract, the contract itself or another agreement you have signed will detemine applicablility and state what is valid and what is not.
Carefully read your agreement and if necessary have an attorney review before you spend money on a new venture or other investment which may be affected by your agreements.
Good Luck
Dana B.
www.thebarfieldgroup.com
2007-02-13 09:08:47 · answer #1 · answered by planningresult 4 · 0⤊ 0⤋
Usually when one company sells to another the buying company keeps the contract and they are still valid until the remainder of the contract.
2007-02-13 16:05:59 · answer #2 · answered by kingsgirl 3 · 0⤊ 0⤋
Yes. The reason they bought the company was to take over the membership roles. My gym did this last year.
2007-02-13 16:05:54 · answer #3 · answered by cinsingl83 3 · 0⤊ 0⤋