Legal Question in Business Law in Georgia

Contract law

I'm buying a small bakery business in Georgia from the owner, who sold the adjacent cafe business to another party 1 1/2 years ago. The seller signed a contract stating that his bakery would provide the cafe with access to his facilities and discount prices on his products. The contract states that this is binding to his assigns. If we buy the assets of his bakery (not the business name) are we still liable to hold to the terms of the contract the seller signed? Does not buying/taking the name and business identity of the bakery exempt us from the contract? The bakery does not own the property at which both businesses are located, they are both tenants of a third party.


Asked on 4/09/07, 12:55 pm

3 Answers from Attorneys
John Jackson Law Office of John A. Jackson, P.C.

Re: Contract law

Probably not but it really depends on the wording of the contract. An attorney would have to review it to effectively advise you. However, you may want to speak with the owners of the cafe. Maybe they would be willing to discuss different terms with you.

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Answered on 4/09/07, 1:09 pm
Charles W. Field Charles W. Field, Attorney at Law

Re: Contract law

The first question I have is what is the duration of the baker's obligation? This, along with several other questions, cannot be answered without reviewing all the documents. You really need to retain an attorney to represent your interests and make sure there are no hidden surprises in the documents.

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Answered on 4/09/07, 2:11 pm
SHERRY RAGOLE RAGOLE & ASSOCIATES, LLC

Re: Contract law

The contracts will definitely need to be reviewed by an attorney before your legal options and obligations can be determined. Moreover, it will also be important to find out whether your seller owned the porperty at the time he made the agreement with the cafe and sold it to the landlord thereafter.

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Answered on 4/09/07, 2:21 pm


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