U
unclebob
Guest
Hi I am a payphone vendor. I own and operate payphones in Calif. I have a location that signed a 10 yr contract with me about 3 yrs ago.The owner of the business has been at that location for 12 yrs. When he signed my contract for 10
yrs he only had 3 yrs left on his lease.
He has now sold the business. I have put a demand in escrow for a payoff for the remaing yrs left on the contract.
Did he have the right to sign a contract longer then the lease he had?
Is he responsible for the payoff demand I put in escrow of the remaing yrs on the contract if the
new owner does not want to continue with the contract?
thanks very much for any help would be great!!
yrs he only had 3 yrs left on his lease.
He has now sold the business. I have put a demand in escrow for a payoff for the remaing yrs left on the contract.
Did he have the right to sign a contract longer then the lease he had?
Is he responsible for the payoff demand I put in escrow of the remaing yrs on the contract if the
new owner does not want to continue with the contract?
thanks very much for any help would be great!!