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How's the legal situation in America regarding breach of contract? At least in Austria we have a law that exactly tries to prevent such things (§38 et seq. UGB
by mrleiter 8y ago
How's the legal situation in America regarding breach of contract?
At least in Austria we have a law that exactly tries to prevent such things (§38 et seq. UGB): when you buy a company you enter into all of their existing (non highly personal) contracts and obligations, unless you specifically don't want that, in which case you must tell the other side and give them some time.
- Can_Not 8y agoI am not lawyer. I don't think there's a valid loop hole that would pass a judge in a court of law. Either the contract specifies early termination damages or it was neglected.