California  |  Business Law

Legal Question

Asked on: 4/23/02, 12:32 am

Cancel a non cancellable commercial lease agrrement?

I am in a partnership, and my partner signed a non cancellable lease agreement with a company. The company does CC processing, and were ''stuck'' in this lease until another year and a half. What can we do? What can i do? My partner was the one who signed the paperwork, can they still go after me if we just quite on them? They are in business in Massachuesetts, i am in California.

I tried the ''were going out of business'' line, and they said my partner would still have to keep paying until the end of the lease, or ''buyout'' the lease. It's a significant amount, and would like to get the heck out of this thing.

Any ideas?

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