Legal Question in Business Law in Colorado

Re: guarantor on a lease

Afternoon,

Unless you have a right in the agreement that provides that you as the guarantor can just go and lock them out (which I would highly doubt), do not even think about doing this. Generally, a guarantor does not have authority in this manner.

I assume you had a good asset purchase agreement and that should state what your rights are on default. A good agreement would indemnify and provide for other remedies. No way to say without reviewing those terms.

Talk to an attorney to review your matter. Do not just proceed with "self-help" because you will only get yourself in considerable legal trouble. Good luck.