Michigan  |  Banking Law

Legal Question

Asked on: 5/18/10, 10:24 am

I had a factor referral contract with a bank and received commissions from that contract on a monthly basis. The bank recently sold the factoring division to another bank which will not honor the contract. Is there any obligation on the new banks part to honor the referral agreement? Do I have any options?

1 Answer

Answered on: 5/25/10, 3:59 am by Francois Nabwangu

It depends on what the contract says. Call us for a free consultation. 877 887 9562

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Wright Cantrell PLLC 21543 Grand River Ave Detroit, MI 48219

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