I agreed to 4 years with my company if they paid for school. The company now sold my division to another company. The initial agreement was made because I was told I could go anywhere in the company. Now I am stuck with my division, with a new company owner I would not have signed with. Do I have a case?
2007-07-03 14:32:14 · 5 answers · asked by jas 2 in Politics & Government ➔ Law & Ethics
Well the contract says that a layoff or lack of work will forgive the $$, but otherwise I have to pay it back if I resign. I was banking on the fact that I was told I could go to any division and not have to pay it back, and I work for a huge company that has divisions all over the world. Now that the company sold my tiny division, I am told that I have to stay with them, and no longer have the opportunity to go anywhere. This doesn't sound good.
2007-07-03 14:48:28 · update #1
The exact wording is "This letter summarizes the agreement between you and (my comany name) with respect to your attendance at (school name). No where does it mention anything about successors or possibility of transfer or sale.
2007-07-03 14:51:56 · update #2
Does the contract say anything like "company and its successors"? If it does, then the new company inherits the contract. If not, it's void. Post the exact wording or show it to a lawyer.
2007-07-03 14:41:06 · answer #1 · answered by Anonymous · 0⤊ 0⤋
It depends on the contract, and the contract the new company had with the old one.
Chances are, however, if your school was paid for, all they would require is that you pay back the schooling. Check into your contract. You may be required to pay the entire amount back, or you may be required to pay back only a portion, depending on the time since you completed the schooling.
2007-07-03 21:41:18 · answer #2 · answered by mj69catz 6 · 0⤊ 0⤋
Give it a try, but I bet you are stuck. The new company and owner do not have to comply with the old owners' and companies agreement.
2007-07-03 21:39:47 · answer #3 · answered by ? 7 · 0⤊ 0⤋
I would believe that you are stuck. When your division was sold, the contract for your employment was also sold. You probably don't have a case.
2007-07-03 21:37:57 · answer #4 · answered by msi_cord 7 · 0⤊ 0⤋
If they paid any part of your school prior to selling I would think not as they were owning up to their end of the bargain. did your contract offer any recourse in the even of a selloff?
2007-07-03 21:38:14 · answer #5 · answered by daBreezemeister 3 · 0⤊ 0⤋