What is the name of your state (only U.S. law)? Illinois
I purchased services from one business (a spa/clinic) which was unexpectedly sold to another owner. The new business refuses to hold up the agreement I made with the old business despite having paid in full. According to the former owner, the price of the business was reduced to account for customer's like me who still needed services and paid in full. According to the new business, they have no obligation to uphold former contracts because they did not "buy the business" but only "bought the equipment and client files" to run a similar business. Have I lost my money and my right to continue services? Do either owners have any legal obligation towards me?
I purchased services from one business (a spa/clinic) which was unexpectedly sold to another owner. The new business refuses to hold up the agreement I made with the old business despite having paid in full. According to the former owner, the price of the business was reduced to account for customer's like me who still needed services and paid in full. According to the new business, they have no obligation to uphold former contracts because they did not "buy the business" but only "bought the equipment and client files" to run a similar business. Have I lost my money and my right to continue services? Do either owners have any legal obligation towards me?