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Purchased a Business - Old Contracts

Forums: Legal, Business, Jpin
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joefromchicago
 
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Reply Sat 1 Feb, 2014 06:48 pm
@jpinMilwaukee,
jpinMilwaukee wrote:

I purchased an existing business under my new Tax ID and Legal Entity. Am I bound to the contracts that the previous owners signed?

Ordinarily, yes. You bought the business, you assumed its contracts.
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