Legal Question in Real Estate Law in Michigan

Re: Ownership of sign and pole on another company's property

Whether the successor owners of the two businesses are bound by the agreement will depend, in part, on which companies signed the agreement. If the two current companies are the same companies which executed the contract in 1970, and if the term of the agreement is not limited, then the companies likely still are bound by the agreement. If the current businesses are different entities (i.e. different corporations, L.L.C.s, etc..) from those in the contract, however, then they might not be bound. If either of the two companies is different, but there has been an assignment of rights from the original parties to the contract, then the parties might still be bound, assuming that the original contract allows for assignment of rights. In any event, it will be necessary to examine the contract, before an accurate analysis can be made.

This response is not intended as legal advice. Your rights and obligations will depend upon the particular facts and circumstances affecting this matter. You should consult an attorney in your area to discuss all of the relevant facts and circumstances. No attorney/client relationship is created as a result of this response. I may be contacted at 248.788.8225.

Re: Ownership of sign and pole on another company's property

Forget who owns business,....who owns the real estate? Was the agreement to allow the sign in writing and recorded? For more info., please contact my office at (248)851-3171.