Your shopping cart is empty
Visit the shop
-
Management
- Agency Management Agreement (2)
- Agreement to Dissolve General Partnership Agreement (1)
- Confidentiality Agreement (3)
- Exclusive Agent Agreement (6)
- Musicians General Partnership Agreement (1)
- Parental/Guardian Consent Form (1)
- Personal Management Contract (4)
- Sale/Purchase of Instrument/Sound/Stage Gear (1)
- Studio/Practice Hall Lease (1)
-
Recording Contracts
- Artist-Producer Agreement – Exclusive Commercial Recording Contract (2)
- Musician Release (6)
- Record Master Receipt (1)
- Royalty Payment Schedule (1)
- Singer/Vocalist Agreement - Recording (2)
- Singer/Vocalist Agreement – Recording (2)
- Singer/Vocalist Release (6)
- Singer/Vocalist Release – Minor Performer (6)
-
Concert/Gig Contract
- Concert/Gig Technical Arrangements Rider – Entertainer Performance Contract (1)
- Concert/Gig Technical Arrangements Rider – Entertainer Performance Contract (1)
- Concert/Gigs Sponsorship (6)
- Mechanical License (2)
- Musical Technical Advisor Agreement (2)
- Pyrotechnics Performer (2)
- Security at Concert/Gig (1)
- Sound and Lighting Agreement (3)
Q&A: Buying a business with outstanding contracts?
Question by xmelax34: Buying a business with outstanding contracts?
My boyfriend is considering buying an ‘electronic’ business from someone he knows. Some of the customers/ businesses they deal with have contracts with the current owner’s business. Would you say that he would have to honor those contracts (fixing, reparing, & parts) if he bought it from her? How would that work, since the current owner is essentually going out of business? Hope this question makes sense, sorry.
Thank you for any advice.
Best answer:
Answer by www.scapegoatz.com
I believe you would have to. Unless you buy the business go out of business than reopen under the new name. even than I am not sure how well it would be to do that.
Give your answer to this question below!