Legal Question in Employment Law in Georgia
My current job is funded by a partner of my company. In March, I received in writing from the partner organization, a 24-month renewal of my employment.
In May, the partner company sold off the division that funded our partnership. The new "owner" was not made aware of the partnership and no longer wishes to maintain the relationship.
Is the written extension I have enough to prove a "Breach of Contract"?
3 Answers from Attorneys
No one can possibly answer that without reviewing the contract, what exactly you mean by "sold off," and other relevant facts.
It will not be possible to definitely answer your question without first reviewing the contract/written extension.
In general, when businesses are bought and sold, the assets and liabilities go with it. If the new owner was not aware of the written extension/contract, it's likely not your problem and the new owner will either have to live up to the prior owner's agreement with you, or, if the new owner has no use for your position, negotiate a settlement to make you go away in lieu of suing them for breach of contract. If you would like a Georgia business law/corporate attorney to review your contract and discuss your options with you, please feel free to contact me at [email protected].
Best of luck.******The above is for informational purposes only and does not create an attorney-client privilege.******
Without reading the contract there is no way to answer you. It is possible the new buyer can be sued for breach of contract (or that you can negotiate a settlement without a suit). You'd want to quickly retain counsel to explore this.
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