Legal Question in Business Law in Arizona
When a company buys another and customer contracts are transferred to the new company does that new company assume the liability for overcharges made by the original company?
Asked on 9/30/10, 9:11 am
1 Answer from Attorneys
Donald Scher
Donald T. Scher & Associates, P.C.
The answer depends upon the written purchase agreement and its terms and provisions between the buyer company and the seller company. Was it a stock purchase or an asset purchase? This requires a technical legal analysis and you should retain counsel to find the answers to your questions.
Answered on 10/05/10, 10:09 am
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