Legal Question in Business Law in Arizona
Aquiring Existing Employees
When buying an existing business with existing employees, is there a grace period to evaluate if you will keep employees or not? I have employees who have become verbally disruptive in the work place within the first 30 days of acquiring this business and would like to know what my rights are?
Asked on 1/05/04, 9:59 pm
1 Answer from Attorneys
Robert Lord
Berens, Kozub & Lord PLC
Re: Aquiring Existing Employees
I don't believe there are any statutory requirements that you keep employees after purchasing a business, so it should depend on the terms of the purchase agreement. Did you agree not to fire employees for a stated period of time? Otherwise, you probably have a lot of flexibiity here, but you should consult an employment law specialist first.
Answered on 1/06/04, 12:03 am
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