Legal Question in Employment Law in Colorado

Legal Contract liabilities after a company buy-out

I was hired as a permanent employee and given a relocation allowance from company A. Company B bought company A. Under the relocation guidlines of company A, 12 months of employment are required unless the employee elects to leave and pay back a prorated amount of the relocation allowance. If the employee completes 12 months of employment, then there is no payback required.

Since the contract was with company A (which no longer exists), is the employee still under any contractual obligation with company B. The employee agreed to work for company A and not Company B.


Asked on 7/10/00, 3:37 pm

1 Answer from Attorneys
Peter W. Thomas, Esq. PETER WILLIAM THOMAS, PLLC

Re: Legal Contract liabilities after a company buy-out

That would depend almost entirely upon the actual language of the contract.

We are busy and probably not able to take on another client matter at this time; I would, however, be more than happy to chat with you on the phone and, if unable to assist you ourselves, I certainly can refer you to several other excellent firms and attorneys.

Very truly, Peter W. Thomas, Jr., Esq.

Petersen, Thomas & Slade, PLLC

600 Seventeenth Street

Suite 950 South Tower

Denver, Colorado 80202

(303) 260-6424

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Answered on 10/05/00, 11:53 pm


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