Legal Question in Business Law in Florida

I sold a business. The contract on the sale said that the buyer would assume all equipment contracts. Is he responsible for the payment of equipment or am I?


Asked on 2/28/11, 3:06 pm

1 Answer from Attorneys
Kevin B. Murphy Franchise Foundations, APC

As a Franchise Attorney I can say this. It's not possible to answer without seeing the actual contract of sale and all its provisions. Consult with a good business or franchise attorney in your area for specific advice.

Mr. Franchise - Kevin B. Murphy, B.S., M.B.A., J.D.

Franchise Foundations, a Professional Corporation

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Answered on 2/28/11, 5:45 pm


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