K
klr1979
Guest
What is the name of your state?What is the name of your state? Kentucky
I leased a convenience store about 2 years ago. Overhead is now exceeding profit and I wish to move the business to another location. In the lease agreement I signed with the leasor I agreed to purchase "all currently existing inventory, including gasoline, consumables, and stock offered for retail sale..." Now that I am leaving, the leasor tells me I only purchased the items to be resold to the public. It was my intention upon signing this lease that I would be purchasing the shelving, stand-alone coolers, and everything else that was not permanently affixed to the structure. We now have a disagreement. I know this is kind of vague, but I need to know the legal defiintion of inventory. I was thinking it meant everything not nailed down.
I leased a convenience store about 2 years ago. Overhead is now exceeding profit and I wish to move the business to another location. In the lease agreement I signed with the leasor I agreed to purchase "all currently existing inventory, including gasoline, consumables, and stock offered for retail sale..." Now that I am leaving, the leasor tells me I only purchased the items to be resold to the public. It was my intention upon signing this lease that I would be purchasing the shelving, stand-alone coolers, and everything else that was not permanently affixed to the structure. We now have a disagreement. I know this is kind of vague, but I need to know the legal defiintion of inventory. I was thinking it meant everything not nailed down.