InvestorsHub Logo
Followers 14
Posts 574
Boards Moderated 0
Alias Born 12/05/2010

Re: col50 post# 120530

Tuesday, 07/19/2011 9:46:06 AM

Tuesday, July 19, 2011 9:46:06 AM

Post# of 312015
Correct and I agree, however if this referral agreement was signed after entering escrow and without Rock's knowledge or permission then they don't have to honor squat.

I have purchased businesses and we either live with the contracts in place at time of signing or we buy them out and pay the early terminitation penalty. That is what DD is for to determine what obligations your are purchasing and which ones may have clauses to let you out or them out of the contract. That is how it works in the States anyway. This statement is based on my personal experence only.